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Severn Trent Says Drop in Water Usage Has ‘Leveled Out a Bit’

Severn Trent Plc, the U.K.’s second- biggest water company, said the decline in water consumption by businesses has slowed.

“It’s leveled out a bit,” Chief Executive Officer Tony Wray said on a conference call today.

Water usage was down by as much as about 6 percent at one point last year as automakers cut production, Chief Financial Officer Mike McKeon said.

To contact the reporter on this story: Rachel Graham in London at rgraham13@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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