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Water groups to post slower flow of profits

first_img KCS-content Share whatsapp Tags: NULL WATER companies Severn Trent and Pennon Group are tipped to report a slower flow of profits due to higher costs and pricing pressure when they report half-year numbers this week.Deutsche Bank expects Midlands water and sewage group Severn to post pre-tax profit tomorrow of about £159m against £188m last time, while others predict about £153.9m.“We expect to see lower numbers, with prices rebased downwards by one per cent from the beginning of April,” Deutsche said.Severn is also tipped to update shareholders on its dividend at the results, with other firms in the sector having already unveiled their policies for the five-year regulatory period.It is forecast to say its dividend will grow by Retail Price Index (RPI) inflation plus three per cent in the four years to 2015.Severn provides water and sewage services to more than 8m people in an area stretching from the Bristol Channel to the Humber, and from mid-Wales to the East Midlands.Pennon, which owns South West Water and waste contractor Viridor, is expected on Thursday to post half-year pre-tax profits of £78m versus £97m last time and an eight per cent dividend rise to 7.5p. Water groups to post slower flow of profits Monday 22 November 2010 6:14 am More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.com Show Comments ▼ whatsapplast_img

Earthquake and tsunami shatter Japan’s exports

first_img THE HORRIFIC earthquake and tsunami in Japan last month knocked the country’s exports more than expected, official data revealed yesterday.Disruptions to supply chains saw exports drop 2.2 per cent from a year earlier, a heavier fall than the 1.1 per cent to 1.5 per cent decline anticipated by many economists. It was also the first decline in exports for 16 months. The decline reduced Japan’s trade surplus, which came in at 196.5bn yen (£1.45bn) – its lowest level in two years.“The seasonally-adjusted fall was much starker,” said David Rea of Capital Economics. “Export trade values plummeted 7.7 per cent month on month, the steepest drop since the global financial crisis caused three double-digit month on month declines in a row.”Shipments to China rose an annual 3.8 per cent while shipments to the US fell 3.4 per cent.“The pace of fall in exports will likely accelerate in April as automakers’ production lines have not returned to normal,” said Yoshimasa Maruyama, economist at the Itochu Economic Research Institute in Tokyo.“On the other hand, imports will probably stay at a higher level in coming months as energy imports increase in both volume terms and value due to price increases. Imports of goods needed for production and reconstruction are also seen rising,” Maruyama added. whatsapp whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com KCS-content Earthquake and tsunami shatter Japan’s exports Tags: NULL Show Comments ▼ Wednesday 20 April 2011 8:06 pm Sharelast_img

Cavmont Capital Holdings Plc 2012 Annual Report

first_imgCavmont Capital Holdings Plc (CCHZ.zm) listed on the Lusaka Securities Exchange under the Investment sector has released it’s 2012 annual report.For more information about Cavmont Capital Holdings Plc (CCHZ.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Cavmont Capital Holdings Plc (CCHZ.zm) company page on AfricanFinancials.Document: Cavmont Capital Holdings Plc (CCHZ.zm)  2012 annual report.Company ProfileCavmont Capital Holdings Zambia Plc is a registered commercial bank in Zambia and the holding company of Cavmont Bank Limited. Cavmont Bank was established in 2004 through the merger of Cavmont Merchant Bank Limited and New Capital Bank Plc. The financial institution offers products and services for retail, commercial and corporate banking; including treasury and credit products. In addition to general transaction accounts, clients of Cavmont Bank are offered solutions for long-term savings and investments, time and repo deposits, foreign exchange trading, personal and business loans, overdraft and salary advance accounts, residential and building loans, invoice discounting facilities, guarantee bonds, and short- and medium-term finance options. Cavmont Bank has 19 branches operating in the major towns and cities of Zambia. Cavmont Capital Holdings Zambia Plc. is listed on the Lusaka Stock Exchangelast_img

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