Severn Trent maintains guidance after strong start to year

Water utility Severn Trent maintained full-year guidance and said it was "confident" of achieving at least £40m positive net outperformance on customer outcome deliver incentives after a good start to the current fiscal year.

In a short trading update, the company said it was on track to invest £550m - £650m during the year, including its Green Recovery projects.

The board said there had been no material change to its current year outlook since its annual 2020/21 results presentation in May, adding that continued to expect that the group will deliver its full-year trading performance in line with the guidance.