Severn Trent's FY pretax profit fell 53.5% to £148.2m, from a year earlier's profit of £318.9m. Turnover was £1.8bn, from £1.76bn. Its dividend for the 2015/16 year is set to be 80.66p.
Tungsten Corporation has, due to strong demand from institutional investors, successfully placed a total of 21,875,985 new shares at a price of 80p each to raise £17.5m gross.
ReNeuron Group said the US Food and Drug Administration (FDA) has granted Fast Track designation to its human Retinal Progenitor Cell (hRPC) therapy candidate for retinitis pigmentosa (RP).