Final dividend hiked by 9% as MPs write to Ofwat boss urging him to deny water firms’ requests in price review process

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Severn Trent has increased its payout to shareholders despite being responsible for 60,000 sewage spills last year.

Severn hiked its final dividend by 9% to 70.1p a share after pre-tax profits swelled almost 20% to £201.3m in the year to the end of March.