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Severn Trentâs profits hit by the pandemic
A decline in demand has had an effect - though the company still made almost £500m profit
The Severn Trent Water Sewage Treatment Works in Coventry
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Profits and turnover at Severn Trent have taken a hit due to the pandemic.
4 hours ago
Water company Severn Trent is seeking to raise £250 million through a share placing in order to fund six new green projects.
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The group serves millions of customers across the Midlands and Mid Wales
The group, which serves millions of customers across the Midlands and Mid Wales, said the proceeds will be used for a number of environmental projects that have been endorsed by sector watchdog Ofwat.
Among these, Severn Trent is planning to decarbonise the water supply in the Midlands, improve flood resilience across the region and provide customers with smart meters.