Vt L News Today

19 May 2021 | 07:22am StockMarketWire.com - Water utility Severn Trent launched a £250 million equity raising to help it fund six new UK projects, while also reporting a 14% fall in annual profit owing to lower demand during Covid lockdowns. The price of the share placing and subsequent retail offer would be determined after a bookbuild process, Severn Trent said. Its pre-tax profit for the year through March fell to £267.2 million, down from £310.7 million year-on-year. Revenue fell 0.9% to...

19 May 2021 | 16:36pm StockMarketWire.com - Global inflation worries, with UK consumer prices rising faster than expected in April, kept markets on the back foot on Wednesday with the FTSE 100 closing down 1.2% to 6,950.20. By 4.30pm UK time the US S&P 500 index was 1% lower at 4,084.86. Premier Foods dipped 0.2% to 102.2p, having declared a dividend for the first time in 13 years after its annual profit more than doubled. The maker of Mr Kipling cakes and Bisto gravy enjoyed high demand for gr...