Jefferies upgrades Pennon to 'buy'
14th Oct 2026 11:30
(Sharecast News) - Jefferies upgraded Pennon to 'buy' from 'hold' on Wednesday but cut the price target to 380p from 500p.
Read moreDeutsche Bank downgrades Pennon to 'hold', shares slide
12th Oct 2026 09:19
(Sharecast News) - Pennon tumbled on Monday after Deutsche Bank cut its stance on the stock to 'hold' from 'buy' and slashed the price target to 380p from 550p.
Read morePennon shares tumble on rights issue, dividend cut
7th Oct 2026 07:58
(Sharecast News) - Shares in Pennon tumbled on Wednesday after the water utility unveiled a rights issue and cut its dividend as part of a major operational reset and increased investment programme.
Read moreKier wins two-year maintenance contract extension from South West Water
12th Jun 2026 07:17
(Sharecast News) - Infrastructure group Kier on Friday said it had won an extension to continue delivering maintenance and improvements across South West Water's network over the next two years.
Read morePennon swings to full-year profit
10th Jun 2026 08:14
(Sharecast News) - Pennon said on Wednesday that it swung to a full-year profit, as it conceded that it needs to "rebuild trust" following a parasitic outbreak in Devon.
Read moreDeutsche Bank cuts targets for utility stocks as Labour leadership speculation rises
8th Jun 2026 09:14
(Sharecast News) - Deutsche Bank has downgraded its rating on National Grid from and lowered target prices for stocks across the UK-listed utilities sector, highlighting the risk of heightened political risk as speculation builds about a change in Labour leadership.
Read moreJPMorgan highlights buying opportunity in UK utilities
22nd May 2026 10:14
(Sharecast News) - JPMorgan said on Friday that it sees a buying opportunity in UK utilities against a backdrop of political uncertainty.
Read morePennon outlines succession plan as CEO Susan Davy retires
9th Dec 2025 08:02
(Sharecast News) - Water utility company Pennon confirmed on Tuesday that chief executive Susan Davy will step down from the board on 31 December, following the announcement of her retirement earlier this year.
Read morePennon Group returns to profit as revenues surge
27th Nov 2025 07:01
(Sharecast News) - Pennon Group swung back into the black in the first half, the utility confirmed on Thursday, boosted by higher bills and strong demand over the hot summer months.
Read moreCiti downgrades Pennon to 'neutral'
3rd Nov 2025 08:27
(Sharecast News) - Citi downgraded Pennon on Monday to 'neutral' from 'buy' but lifted the price target to 542p from 539p.
Read morePennon taps Keith Haslett for CEO
2nd Oct 2025 07:10
(Sharecast News) - Water utility firm Pennon announced the appointment of Keith Haslett as chief executive officer on Thursday, succeeding Susan Davy, who has served as CEO since 2020.
Read morePennon set to return to profitability despite higher costs
26th Sep 2025 07:01
(Sharecast News) - Pennon Group said on Friday that it remained on track to return to profitability, despite the hot summer weather ramping up costs.
Read moreLondon close: Stocks higher as consumer prices rise
20th Aug 2025 17:38
(Sharecast News) - London equities advanced on Wednesday as stronger-than-expected UK inflation data curbed expectations of further interest rate cuts this year.
Read moreBarclays upgrades United Utilities, sees 'better prospects' for water sector
20th Aug 2025 09:38
(Sharecast News) - Barclays upgraded United Utilities on Wednesday, saying it sees "better prospects" for the water sector amid an improving outlook, as it lifted price targets across all three big names.
Read moreOfficial review calls for Ofwat to be scrapped
21st Jul 2025 08:16
(Sharecast News) - An independent review of the UK's under-pressure water sector has called for Ofwat to be scrapped, it was confirmed on Monday.
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