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Severn Trent
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26 мая, 18:54

Investors Chronicle: National Grid, Thomas Cook, Severn Trent

Companies analysis from our sister publication

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23 мая, 22:17

Severn Trent’s dividend is not to be sniffed at

Some analysts suggest this regulated income could revive interest in a takeover

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23 мая, 17:20

Severn Trent pledges higher dividend increases

Group defends water sector amid calls by opposition politicians for nationalisation

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23 мая, 11:04

Retailers sag as FTSE 100 slides

London's stock market dips at the finish on Tuesday after spending the day in positive territory.

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12 декабря 2016, 16:15

Christmas dinner fatbergs raise flood risk, say water companies

People are being urged not to tip cooking oil down drain to prevent post-Christmas buildup of congealed fat in sewersChristmas dinner with all the trimmings could lead to congealed cooking oil and grease blocking drains up and down the country, water companies have warned.Engineers from Severn Trent Water have been digging tons of fatty gunk, which sets as hard as concrete, out of sewers in the West Midlands after reports of flooding caused by fatbergs. Continue reading...

06 октября 2016, 09:39

Европейские фондовые снизились в среду на опасениях сокращения объемов QE в Европе

Европейские фондовые индексы снизились в среду на слухах, что Европейский центральный банк (ЕЦБ) может приступить к постепенному сокращению программы количественного смягчения (QE), пишет MarketWatch.

05 сентября 2016, 14:00

What to Know Before You Sign a Payment-by-Results Contract

Samuel Castro Paying for results is in vogue. The concept is fairly straightforward: The parties define the result up front, agree on a baseline, work out how confident the organization is in delivering the result, and then specify the expectation and payment in the contract. The idea isn’t new — it’s well established in online advertising, for example — but its application is becoming more widespread in the private and public sectors. Consider these examples: Education. The UK’s Department for International Development uses “results-based” aid to improve the educational outcomes of young girls in Africa and Asia. Pearson, the educational publisher, measures the efficacy of its products to improve educational outcomes. Its CEO, John Fallon, says of this approach, “It is by having a bigger impact on education — measured by expanding access and improving outcomes — that we will make Pearson a faster-growing and more sustainably profitable company.” Health care. Cigna is the first insurance company to get pharmaceutical companies to agree to value pricing based on results for certain cholesterol-lowering drugs. And the Health Care Transformation Task Force, a newly formed coalition of private insurers and provider organizations in the U.S., recently announced that its members are committing to transform 75% of their contracts into pay-for-performance models by 2020. Water. Severn Trent Water, among other UK water companies, has agreed to “outcomes-delivery incentives” with the regulator Ofwat that results in rewards and penalties if it meets or fails to meet, respectively, performance commitments. It’s no wonder that payment by results (PbR) is gaining traction. Customers and taxpayers want to see more value and accountability for the money they spend, so they’re starting to demand that the companies serving them focus on results. And providers want the flexibility to deliver outcomes in the best, most innovative, and most efficient way possible without being micromanaged by the customer. This often involves collaborating with other organizations to deliver the whole outcome – healthier living, better education, or lower crime rates. But as appealing as PbR is, it often goes off the rails. When PbR Doesn’t Work PbR can turn into a costly, risky exercise that delivers unpredictable results. Customers don’t always get the outcomes they expect, and providers can feel underrewarded for their efforts, especially when the result is hard to achieve. Another problem we’ve seen is that some providers, seeking to fit in to a payment cycle, focus on short-term results, losing sight of the end goals. Sometimes, measuring the results can involve a substantial amount of data collection and analysis, and the measurements are often in dispute. Disagreements focus on whether the result has been achieved and how much of the result was due to the organization under contract or to external factors. Did the patient really become healthier because of the drug in question, or because he’s eating better? Did the student get an A because of the textbook, or because the teacher was inspiring? Another problem is that badly designed contracts can leave open the possibility of companies gaming the system. There are plenty of ways to do this: going soft on the result in order to gain payment (for example, private probations officers being told to turn a blind eye to offenders who violate the terms of their probation); redefining the outputs to make it easier to achieve the result (for example, considering patients “admitted” when they’re placed on gurneys rather than assigned beds); adding cost into the contract to mitigate risk; or cherry-picking the best customers in order to achieve the result. Finally, some companies have struggled to finance their activities without payment while they work on delivering the results, limiting their ability to innovate too. As a result, some governments and private foundations have introduced social impact bonds to provide the necessary working capital. Making PbR Work  We’ve found that PbR contracts function best when: The parties define the result — and the baseline — without ambiguity and agree to practical approaches to measurement The role of the provider in delivering the result can be verified independently without manipulation — for example, through randomized control trials, statistical analysis, and qualitative analysis The provider has sufficient capital and risk appetite to take on the challenge while it waits for the payment There is enough time to develop innovative solutions to achieve the results There’s trust between the parties and the outcome is not “political.” Too much subjectivity and sensitivity can scupper the scheme. There are management tools and incentives in place to encourage a focus on results and the end goals Typically, the results are defined after conducting market research and engaging with customers. Performance is then assessed against a baseline on a regular basis — say, quarterly or annually. However, with the growth of sensors and wearable technology, we’re seeing more ongoing real-time assessment of product- or service-use and results. The great benefits of this are improved accuracy and transparency, and therefore accountability. Required Capabilities Promising a result creates a greater expectation in the eyes of the customer than simply providing a product or service. It sets a clearer purpose, often in improving the lives of customers and citizens. In our experience, this demands a more agile, higher-performing organization that masters three differentiating capabilities: Effective partnering with other organizations involved in the delivery of the outcomes. This includes the closer alignment of incentives, active performance management, and use of risk-sharing mechanisms for the complex, lower-trust contexts. For example, health and social care providers may work more closely within “integrated care” models. Flexible internal organizational structures. PbR arrangements require more internal collaboration, transcending vertical siloes based on products to organization-wide outcomes in what Sir Martin Sorrell of WPP calls “horizontality.” Use of digital technology. Wearables, sensors, and IoT applications produce real-time insight into the needs, expectations, and behaviors of customers — and, crucially, into their achievement of value outcomes. Companies need to use this digital technology to capture, analyze, and then act on the new insight to deliver the agreed-upon outcomes with the highest efficiency, tweaking products and services along the way as required. At first sight, results-based payments can be appealing for customers and providers. And digital technology is making it easier to measure the results. But PbR arrangements only work in specific circumstances by organizations with the capabilities to deliver them. Otherwise, they’ll find they will pay for more than they bargained for.

24 мая 2016, 11:09

Фондовые индексы Европы растут во вторник на корпоративных новостях

Европейские фондовые индексы повышаются во вторник, инвесторы оценивают корпоративные новости и заявления представителей Федеральной резервной системы (ФРС).

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12 марта 2016, 21:27

Severn Trent drops chlorine warning for thousands of homes

Homes in Leicestershire and Derbyshire were affected after the company ‘over-chlorinated’ a reservoir, but the majority now have usable waterMost homes affected by Severn Trent Water’s chlorine crisis will be able to use their water as normal later on Sunday, the company has said.However, 241 homes in the region will continue to be left without usable water. Continue reading...

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11 марта 2016, 19:14

People in Derbyshire told not to use water after high chlorine scare

Severn Trent Water tells customers in postcodes DE11, DE65 and DE73 not to use supply as it examines reservoir problemAround 3,500 Severn Trent customers in Derbyshire have been advised not to use their water supply because of abnormal chlorine levels.The utility said in a statement that residents in the DE11, DE65 and DE73 postcodes should not use their water supply at all until further notice. Continue reading...

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26 ноября 2015, 20:29

Severn Trent опубликовала полугодовые финансовые результаты

Британская компания сферы водоснабжения Severn Trent опубликовала полугодовые финансовые результаты. Так, прибыль до уплаты налогов компании увеличилась с 137,1 млн фунтов стерлингов годом ранее до 186,2 млн фунтов ($281,1 млн). Выручка в рассматриваемом периоде достигла 896,1 млн фунтов по сравнению с 898,3 млн фунтов за аналогичный период прошлого года.

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26 ноября 2015, 11:29

Severn Trent опубликовала полугодовые финансовые результаты

Британская компания сферы водоснабжения Severn Trent опубликовала полугодовые финансовые результаты. Так, прибыль до уплаты налогов компании увеличилась с 137,1 млн фунтов стерлингов годом ранее до 186,2 млн фунтов ($281,1 млн). Выручка в рассматриваемом периоде достигла 896,1 млн фунтов по сравнению с 898,3 млн фунтов за аналогичный период прошлого года.

23 июня 2015, 09:20

Европа: рынки приходят в себя. США: инвесторы вдохновились известиями из Европы

В понедельник, 22 июня, ключевые фондовые индексы Европы продемонстрировали положительную динамику на фоне ожиданий того, что Греция наконец сможет достичь соглашения с международными кредиторами. Так, фондовые индексы Франции, Германии и Испании выросли на максимальную с 2012 года величину. Из вышедшей накануне в регионе макроэкономической статистики можно отметить публикацию индекса потребительского доверия еврозоны за июнь, составившего -5,6 пункта, тогда как ожидалось -5,8 пункта. Отметим, что предыдущее изменение данного показателя было пересмотрено с -5,5 пункта до -5,6 пункта. По итогам сессии ключевой индекс Великобритании FTSE 100 повысился на 1,72%, французский CAC 40 поднялся на 3,81%, а немецкий DAX ушел в плюс на 3,81%. Региональный индикатор STXE 600, в свою очередь, прибавил 2,3% и закрылся на отметке 394,25 пункта.

22 июня 2015, 20:45

Канада/Великобритания: Borealis планирует приобрести Severn Trent за $8 млрд

Канадская инвестиционная компания Borealis Infrastructure планирует приобрести британскую фирму сферы водоснабжения Severn Trent за 5 млрд фунтов стерлингов ($8 млрд). Напомним, что два года назад Severn Trent уже отвергла предложение по ее приобретению со стороны Borealis.

22 июня 2015, 19:15

U.K. stocks higher at close of trade; FTSE 100 up 1.72%

U.K. stocks were higher after the close on Monday, as gains in the Construction&Materials, Mobile Telecommunications and Fixed Line Telecommunications sectors led shares higher. At the close in London, the FTSE 100 gained 1.72%. The best performers of the session on the FTSE 100 were Severn Trent Plc (LONDON:SVT), which rose 5.89% or 121.00 points to trade at 2176.00 at the close. Meanwhile, International Airlines Group (LONDON:ICAG) added 4.15% or 21.00 points to end at 526.50 and Carnival (LONDON:CCL) was up 3.79% or 120.00 points to 3288.00 in late trade. The worst performers of the session were Randgold Resources (LONDON:RRS), which fell 1.89% or 85.00 points to trade at 4413.00 at the close. Hikma Pharmaceuticals (LONDON:HIK) declined 1.85% or 36.00 points to end at 1911.00 and Fresnillo Plc (LONDON:FRES) was down 1.26% or 9.00 points to 703.50. Rising stocks outnumbered declining ones on the London Stock Exchange by 1983 to 669 and 428 ended unchanged. Gold for August delivery was down 1.51% or 18.20 to $1183.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.38% or 0.23 to hit $59.74 a barrel, while the August Brent oil contract fell 0.45% or 0.28 to trade at $62.73 a barrel. GBP/USD was down 0.48% to 1.5812, while EUR/GBP rose 0.46% to 0.7181. The US Dollar Index was up 0.15% at 94.45.

22 июня 2015, 10:29

European stocks rise sharply on Greek deal hopes; Dax rallies 2.67%

European stocks opened sharply higher on Monday, amid new hopes for a Greek debt deal as European leaders prepared to hold last ditch talks to prevent Athens from defaulting. During European morning trade, the EURO STOXX 50 jumped 2.72%, France’s CAC 40 surged 2.66%, while Germany’s DAX 30 rallied 2.67%. Greece submitted a new package of economic reforms on Sunday night, indicating that it is prepared to make concessions to break a deadlock in order to unlock €7.2 billion in funds. Greece’s existing bailout is set to expire at the end of this month, when it must also repay €1.6 billion to the International Monetary Fund. A default by Greece could trigger the country’s exit from the euro zone. Greek Prime Minister Alexis Tsipras was to hold talks with representatives from the IMF, the European Central Bank and the eurogroup of finance ministers later in the day, ahead of an emergency summit by European Union leaders. If no deal is reached Greece could need to impose capital controls on Tuesday to stem a mounting crisis in the banking sector after bank withdrawals surpassed a billion euros a day late last week. Financial stocks were broadly higher, as French lenders BNP Paribas (PARIS:BNPP) and Societe Generale (PARIS:SOGN) surged 2.72% and 2%, while Germany’s Deutsche Bank (XETRA:DBKGn) and Commerzbank (XETRA:CBKG) advanced 2% and 2.40%. Among peripheral lenders, Italy’s Unicredit (MILAN:CRDI) and Intesa Sanpaolo (MILAN:ISP) soared 2.56% and 2.92% respectively, while Spanish banks BBVA (MADRID:BBVA) and Banco Santander (MADRID:SAN) climbed 2.18% and 2.58%. Elsewhere, Bouygues (PARIS:BOUY) SA skyrocketed 14.40% after Altice SA (AMS:ATCE) said its cable and wireless unit has made an offer to buy France’s third-largest mobile-phone company from Bouygues. Altice SA shares jumped 13.16% following the news. In London, FTSE 100 advanced 1.29%, led by Sky Plc (LONDON:SKYB), whose shares surged 4.29% amid reports the Murdoch family is considering a new takeover bid for the U.K. company after turning down two offers from Vodafone Group (LONDON:VOD) Plc and Vivendi (PARIS:VIV) SA. Severn Trent Plc (LONDON:SVT) added to gains, with shares up 2.48% amid talk Borealis is considering a bid for the U.K. water utility. Financial stocks were also broadly higher, as Lloyds Banking (LONDON:LLOY) gained 0.42% and the Royal Bank of Scotland (LONDON:RBS) climbed 0.92%, while HSBC Holdings (LONDON:HSBA) advanced 0.98% and Barclays (LONDON:BARC) jumped 1.38%. In the mining sector, stocks were also on the upside. Shares in Fresnillo (LONDON:FRES) edged up 0.14% and Anglo American (LONDON:AAL) gained 0.72%, while Rio Tinto (LONDON:RIO) and Glencore Xstrata (LONDON:GLEN) climbed 0.77% and 0.94% respectively. In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.73% gain, S&P 500 futures signaled a 0.77% increase, while the Nasdaq 100 futures indicated a 0.75% climb.

22 июня 2015, 09:44

Канада/Великобритания: Borealis планирует приобрести Severn Trent за $8 млрд

Канадская инвестиционная компания Borealis Infrastructure планирует приобрести британскую фирму сферы водоснабжения Severn Trent за 5 млрд фунтов стерлингов ($8 млрд). Напомним, что два года назад Severn Trent уже отвергла предложение по ее приобретению со стороны Borealis.

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22 мая 2015, 21:09

Severn Trent growth pledge amid price fall

Water company tells investors they can expect improving profits and dividends