Severn Trent boosts dividends despite rising bills

Severn Trent has increased the money it pays out to shareholders despite planned hikes to bills and criticism over sewage leaks.

According to proposals submitted to water regulator Ofwat it wants to increase average bills by 35.7% over the next five years. Chief executive Liv Garfield said Severn Trent was planning "record levels of investment in the coming years""The extra £1bn we raised from our investors will help us continue to transform the network, reducing spills, improving river health and providing our customers with the best and most reliable service," she said.

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