- Water company Severn Trent reported a slight fall in annual profit after higher costs offset a rise in revenue.

Profit before interest and tax declined by 1.5% to £528.4m, despite revenue rising 3.4% to £1.69bn.

On an underlying basis, profit before interest and tax rose 4% to £541m.

The company declared a dividend of 51.92p, taking the 2017/18 dividend to 86.55p.

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