FLOOD OF WATERS GIVES REASONS TO BE CHEERFUL.

THE flow of water company spreadsheets currently flooding the City continues next week with Severn Trent turning in full-year figures on Tuesday. Investors are looking for a pre-tax profits rise of between 30% and 35% on the back of a 15% rise in regulated prices last year, but - as with AWG and United Utilities this week - there will also be interest in anything the company has to say about potential water shortages over the summer and on what the company is doing to combat leakage and maintain infrastructure. [ABSTRACT FROM PUBLISHER]