The Motley Fool

Severn Trent PLC Incur Legal Costs Of £19M

Severn Trent (LSE: SVT) today released an interim management statement, which covers the period from 1 April up to 16 July 2013.

The statement has been released ahead of its interim results, which are due to be released on 30 September, and suggest that trading across the group have been in line with its previous expectations.

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…

And if you click here we’ll show you something that could be key to unlocking 5G’s full potential...

Water prices for customers increased by 2% in November 2013, while actual consumption has seen a slow year-on-year decline that was in line with expectations.  In terms of capital expenditure, the group expects the total amount to remain between £600m and £620m.  This includes an outlay of around £15m to be spent on private drains and sewers, while the amount to be spent on infrastructure renewals will be between £135m and £145m.  Operating costs are expected to rise year on year, as a result of inflation and increases in quasi taxes.

It also detailed that the group received an approach from LongRiver Partners (a consortium led by Borealis Infrastructure Management) in May regarding a possible offer for the company. However, a month later, LongRiver decided against making a formal offer for the firm, which led to Severn Trent having to incur costs of around £19m in relation to legal and advisory services.

Utility companies are often considered a staple addition to any retirement portfolio, due to the fact that there will always be a demand for their services, and that they typically pay a decent dividend.  If you’re looking for other stocks to add to your own retirement portfolio, then I urge you to download our exclusive FREE report, “5 Shares To Retire On”.

Contained within are five companies that the Motley Fool’s superstar analyst team have identified as a must-have for any solid retirement portfolio.  Click here to download it now!

> Chris does not own shares in Severn Trent.

“This Stock Could Be Like Buying Amazon in 1997”

I'm sure you'll agree that's quite the statement from Motley Fool Co-Founder Tom Gardner.

But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.

What's more, we firmly believe there's still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.

And right now, we're giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.

Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!