Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,859.25
    +2,261.71 (+4.65%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

Severn Trent to invest 190 mln stg in renewable energy

Reuters - UK Focus

LONDON, March 17 (Reuters) - Severn Trent (Other OTC: STRNY - news) will invest 190 million pounds ($282 million) over five years in renewable energy generation, the British water supplier said on Tuesday.

It will spend money on solar panels and anaerobic digestion plants that will raise the supplier's gross energy consumption from renewable energy to around 50 percent by 2020, up from 28 percent now.

The company also plans cost cuts of around 200 million pounds over the five years through renegotiation of supplier contracts and a new company structure in order to meet an efficiency target imposed by Britain's water regulator.

($1 = 0.6744 pounds) (Reporting by Karolin Schaps; editing by Jason Neely)