Summary
Last year's floods, which devastated the county, cost water company Severn Trent pounds13.6million, according to the company.
Together with a hefty pounds35.8m fine from industry watchdog Ofwat for deliberately providing false information and poor customer service in 2001 and 2002, the double hit resulted in a 40.9 per cent fall in annual profits.See the full content of this document
Extract
Flooding Cost Severn Pounds13.6m
And it may not be the end to the financial blows it suffers.
The company, which...See the full content of this document
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