Published on 27th April 2014
Severn Trent investors have reasons to be annoyed after the water company’s performance since rejecting a takeover bid, Danny Fortson argued in the Sunday Times. In his Inside the City column, Fortson said Severn’s shares are almost a fifth lower than the 22 pounds offered by overseas investors a year ago. New Chief Executive Liv Garfield has a difficult job because the industry regulator has said price rises will be limited. With Deutsche Bank predicting falling profits and a small dividend cut next year, some investors may not be in the mood to celebrate.