Severn Trent Water

101 articles about "Severn Trent Water"

Little to lift the December gloom Vol 2, Issue 1 (January 2001)

UK water shares ended December 2000 lower, underperforming the broader FTSE market index and reflecting investors’ caution.

Jury out on water mergers and consolidation Vol 1, Issue 12 (December 2000)

The progressive consolidation of the water industry continued in 2000, if at a slower pace than last year. Several notable transactions, most recently RWE’s acquisition of Thames Water, prompted GWI to ask Avalon Trust’s Owen Quattlebaum what this means for investment fund managers focused on water. This month’s Investor’s View contains Mr Quattlebaum’s response.

UK profits continue to fall Vol 1, Issue 12 (December 2000)

Shares of UK water companies ended November in decline following the release of half-year results showing an industry-wide average drop in pre-tax profits of around one third on profit levels for the same period a year ago.

Mixed fortunes in a turbulent month Vol 1, Issue 11 (November 2000)

October proved a month of some volatility in the water industry, with shares on both sides of the Atlantic effected. In the UK, shares of the major water companies rose broadly at first, dropped sharply in the middle of the month, rising dramatically again, only to end the month close to where they started.

Thames takeover underpins strong UK performance Vol 1, Issue 10 (October 2000)

The takeover of Thames Water by German multi-utility RWE dominated the news last month. On 25 September, following a week of speculation, Thames announced that it would be acquired by RWE.

Water companies score high in risk rating study Vol 1, Issue 10 (October 2000)

The Turnbull Code on Internal Control is set to become a mandatory London Stock Exchange listing requirement later this year. All listed companies – including water utilities – will be required to establish mechanisms to meet the necessary risk management obligations. With this in mind, Andreas King of SERM provides GWI with a preview of water companies’ environmental risk ratings.

Enron ponders its next move Vol 1, Issue 9 (September 2000)

With the resignation of CEO Rebecca Mark, Azurix’s future looks more uncertain than ever. The company has fallen short of original expectations from the June 1999 IPO, consistently underperforming and failing to meet analysts’ revenue estimates. The stock price has dropped 47% since the start of the year. Major shareholder Enron must now decide what to do with Azurix.

Sealed bids and now a court case Vol 1, Issue 9 (September 2000)

Western Power Distribution (WPD) finally emerged triumphant in the bitter four-month struggle for control of Hyder last month. But just as one point of contention had been resolved, another opened up when Severn Trent announced that it would be taking Dwr Cymru to court.

Vivendi stock drifts following news of three-way merger Vol 1, Issue 7 (July 2000)

Vivendi dominated the news in Europe in June with the planned IPO of its Environment Unit and the three-way merger with Seagram and Canal Plus making the headlines. Shares in the French conglomerate ended the month lower amid concerns over the merger.

Why water? Vol 1, Issue 7 (July 2000)

The Avalon Trust was founded two years ago to provide a full trust and investment service for individuals and institutions wishing to invest their funds in a socially responsible manner. In this month’s Investor’s View, Owen Quattlebaum, chief investment officer, explains why Avalon decided to set up a water fund.