Bad debt hits Severn profits; yourmoney: : UTILITIES.Byline: CLINTON Clinton. 1 Town (1990 pop. 12,767), Middlesex co., S Conn., on Long Island Sound; settled 1663, set off from Killingworth and inc. 1838. The school that later became Yale opened here in 1702. MANNING WATER supplier Severn Trent Severn Trent plc (LSE: SVT) is a British utility. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index. Severn Trent is a group of companies employing more than 15,000 people across the UK, US and mainland Europe. made almost pounds 168million in the last year after a 5% jump in bills. That bumper sum came a day after United Utilities announced an 11% rise in profits. But Severn Trent's profits were actually down 13% in the year to the end of March because of bad debts and recession-hit firms using less water. The firm kissed goodbye to pounds 34m of money owed by customers - up 24% on the previous year. |
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