Pennon Group swings to half-year loss
27th Nov 2024 07:27
(Sharecast News) - Pennon Group reported a statutory loss before tax of £38.8m for the first half on Wednesday, swinging from a profit of £3.2m year-on-year, as restructuring costs and investments weighed on the bottom line despite a 17.5% increase in underlying revenue to £527.2m.
Read moreLondon close: Stocks turn negative as Americans head to the polls
5th Nov 2024 16:41
(Sharecast News) - London stocks closed lower on Tuesday, with caution dominating markets as US voters headed to the presidential polls.
Read moreBroker tips: Water companies, Close Bros, Melrose
5th Nov 2024 12:29
(Sharecast News) - UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat's Final Determinations next month.
Read moreUK water companies rally as Citi, JPM optimistic on outlook
5th Nov 2024 10:31
(Sharecast News) - UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat's Final Determinations next month.
Read moreRBC Capital upgrades United Utilities, downgrades Pennon
9th Oct 2024 09:41
(Sharecast News) - RBC Capital Markets upgraded its stance on United Utilities on Wednesday, but downgraded Pennon as it took a look at UK water stocks.
Read moreOfwat tells water firms to improve immediately in damning report
8th Oct 2024 08:46
(Sharecast News) - Ofwat called on the water sector to significantly improve its performance on Tuesday, after companies fell short of key environmental and service targets, costing the industry £157.6m in penalties this year.
Read morePennon sees lower customer demand as consumption falls
26th Sep 2024 07:28
(Sharecast News) - FTSE 250-listed water and sewerage group Pennon said like-for-like revenues in the first half were impacted by lower customer demand, which is expected to continue through to the end of the financial year.
Read moreLondon close: Stocks rise as US inflation slows more than expected
11th Jul 2024 15:01
(Sharecast News) - London stocks ended Thursday on a high note, buoyed by favourable economic data from both sides of the Atlantic.
Read morePennon upbeat on Ofwat determinations, announces CFO change
11th Jul 2024 10:11
(Sharecast News) - Pennon Group shares were in the green on Thursday morning, as the company responded to the draft determinations from Ofwat for the K8 period, covering 2025 to 2030.
Read moreLondon close: Stocks fall on EU inflation, US jobs data
2nd Jul 2024 17:24
(Sharecast News) - London stocks closed lower on Tuesday as investors digested eurozone inflation data and a modest increase in US job openings.
Read moreCMA clears Pennon's Sutton & East Surrey Water and South West merger
14th Jun 2024 12:35
(Sharecast News) - Water utility company Pennon has received the green light from the UK's competition watchdog for the proposed merger of Sutton & East Surrey Water and South West.
Read morePennon names David Sproul new Chair Designate
10th Jun 2024 07:11
(Sharecast News) - Pennon Group chose David Sproul, a former global deputy CEO at Deloitte, as its Chair Designate.
Read moreOfwat set to refuse water companies' price increases; shares hit
28th May 2024 14:33
(Sharecast News) - UK water companies were under pressure on Tuesday following a report that Ofwat was set to refuse most companies' requests to hike consumer bills, with some getting as little as half of what they have asked for.
Read moreLondon close: Stocks slip on UK election, US jobless claims
23rd May 2024 16:46
(Sharecast News) - London stocks ended lower on Thursday, mirroring Wall Street's decline as jobless claims in the US fell more than anticipated.
Read moreFTSE 250 movers: Drax and Pennon hit by political risk
23rd May 2024 16:18
(Sharecast News) - Drax Group was struggling at the bottom of the pile on a down day for the second-tier index.
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