Pennon Group pleased with performance ahead of half-year results
24th Sep 2018 08:34
(Sharecast News) - Environmental infrastructure company Pennon Group updated the market ahead of its half-year results to 30 September on Monday, reporting that its South West Water business had continued to deliver a "strong" operational and financial performance, with a focus on efficiency and customer service.
Read morePennon promises customers more involvement with South West Water
3rd Sep 2018 09:07
(Sharecast News) - Pennon Group subsidiary South West Water released details on its business plan for 2020-25 on Monday, after submitting its Price Review 2019 plans to the regulator Ofwat.
Read moreOfwat's rethink is good news for water companies, HSBC says
28th Aug 2018 10:09
(Sharecast News) - The water regulator's August position paper took a step back from an earlier more prescriptive stance, relieving concerns about Pennon, Severn Trent and United Utilities, HSBC said.
Read moreFriday broker round-up
10th Feb 2017 10:35
(ShareCast News) - British American Tobacco: Berenberg upgrades to Buy with a target price of 5670p. Smith & Nephew: Jefferies reiterates Buy with a target price of 1350p. BT Group: UBS maintains Neutral with a target price of 325p. Ashmore Group: UBS maintains Buy with a target price of 390p. Da
Read morePennon performs in line despite Viridor challenges
9th Feb 2017 08:00
(ShareCast News) - Environmental infrastructure group Pennon issued a trading update on Thursday, confirming it will deliver trading performance consistent with the board's expectations and prior guidance. The FTSE 250 company said it continued to focus on delivering for customers, communities and s
Read moreBroker tips: ITV, Randgold Resources, Pennon
13th Jan 2017 13:56
(ShareCast News) - ITV got a boost on Friday after Goldman Sachs added the buy-rated stock to its Conviction List, saying its is one of the most likely M&A candidates in its coverage, as it took a look at the European media sector. It noted the stock has been one of the worst performers in its secto
Read moreCredit Suisse downgrades Pennon as energy-from-waste loses its appeal
13th Jan 2017 09:58
(ShareCast News) - Credit Suisse has downgraded environmental utility infrastructure company Pennon Group to 'underperform' from 'neutral' and lowered the price target to 680p from 800p. The broker said that the downside in energy-from-waste (EfW) is materialising faster than it anticipated and it s
Read moreFriday broker round-up
13th Jan 2017 09:27
(ShareCast News) - Tesco: Goldman Sachs reiterates Sell on target price of 150p. Ladbrokes Coral: Barclays starts coverage with Overweight (previously Rating Suspended) on target price of 160p. Premier Oil: Barclays upgrades to Equal Weight on target price of 100p. Randgold Resources: Berenberg up
Read moreLondon open: GDP data in focus
25th Nov 2016 08:22
(ShareCast News) - Stocks in London were trading slightly higher ahead of the release of revised UK GDP data, with trading volumes expected to be light again as US markets will only be open for a half day. As of 0837 GMT the top flight index was edging higher by 0.01% to 6,830.16, despite a small do
Read morePennon Group reports sharp jump in profits before tax
25th Nov 2016 07:21
(ShareCast News) - Pennon continued to deliver a good performance in the first half of its financial year at both its water and waste businesses, with costs savings and self-help initiatives falling straight to the bottom line. South West Water delivered a sector-leading return on regulatory equity
Read moreFriday preview: Week set to end on a quiet note
24th Nov 2016 16:44
(ShareCast News) - A second reading on third quarter gross domestic product and the Confederation of British Industry´s Distributive Trades Survey would be the focus in UK markets on Friday. Otherwise, the end of the week was expected to end with a whimper, given the dearth of references on both the
Read moreMonday broker round-up
21st Nov 2016 19:55
(ShareCast News) - Randgold Resources: UBS reiterates buy with a target price of 9750p. AA: Goldman Sachs reiterates buy with a 370p target. Jimmy Choo: Barclays stays at equal-weight with a 140p target. Esure: Barclays reiterates overweight with a 247p target. Easyjet: UBS keeps at buy with a 11
Read morePennon boosted by Credit Suisse upgrade
9th Nov 2016 09:39
(ShareCast News) - Pennon bucked the downtrend on Wednesday as Credit Suisse lifted its rating on the stock to 'neutral' from 'underperform' and upped the price target to 800p from 790p. "We upgrade to neutral, as we see a lack of immediate downside risks with near-term upside to consensus earnings
Read moreInvestec eyes special dividend potential at United Utilities, Pennon
19th Oct 2016 14:37
(ShareCast News) - Eyeing significant undervaluation in the utilities sector, Investec slapped 'buy' recommendations on United Utilities, upgraded from 'sell', and Pennon from 'hold'. Investec said it believed the recent history and potential direction of the sector, from an equity investor standpoi
Read moreSector movers: Tesco sets fresh 52-week high, defensives lag
5th Oct 2016 14:53
(ShareCast News) - An upbeat outlook for margins from Tesco boosted the wider sector gauge. The company's shares rocketed to their best levels since late-summer 2015 - setting a fresh 52-week in one fell swoop - after management reported that UK like-for-like (LFL) sales doubled to 0.6% and operatin
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