LONDON (ShareCast) - (ShareCast News) - Water company Severn Trent said there has been no material change to the business since it last reported on 22 May, but added that it expects its interest charge for the full year to be lower year-on-year.
The company said wholesale total expenditure for the full year is expected to be £1.03bn to £1.06bn, while operating costs under International Financial Reporting Standards will be lower year-on-year due to the impact of organisational changes and the supply chain efficiencies already announced.

Severn estimated that net capital expenditure will be between £410m and £430m. In addition, it expects a further £125m to £135m of net infrastructure renewals expenditure, which will be charged to the income statement.

The effective current tax rate for the group for 2015/2016 will be between 17% and 19% and the dividend is set to be 80.66p.

"We continue to make very good progress on delivering efficiency savings across Severn Trent Water, and have made a good start to our AMP6 capital programme," said the company.

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