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

To contact the editor responsible for this story: Stephen Voss at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.