Dip for FTSE

Water company Severn Trent starred today as the London market’s top riser after revealing plans to demerge its Biffa waste management business.

Dip for FTSE
Tue, 04 Apr, 2006 - 12:33

Water company Severn Trent starred today as the London market’s top riser after revealing plans to demerge its Biffa waste management business.

With shareholders eyeing the potential benefit of holding shares in both Biffa and Severn Trent, the blue-chip stock surged almost 7%, up 71p at 1197p.

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