Water companies 'falling short' of expectations - Ofwat
13th Dec 2022 08:57
(Sharecast News) - Water companies need to take urgent action to reduce pollution and improve customer service, the regulator warned on Tuesday.
Read moreOfwat slams water cos over dividend payments, poor performance
8th Dec 2022 11:04
(Sharecast News) - The UK's water regulator has slammed some of the country's major providers over the size of dividend payments relative to their financial and operational performance.
Read moreJPMorgan downgrades United Utilities
6th Dec 2022 13:37
(Sharecast News) - JPMorgan Cazenove downgraded United Utilities on Tuesday as it took a look at the UK water sector.
Read moreInterim profits tumble at Pennon as costs mount
30th Nov 2022 07:03
(Sharecast News) - Utility Pennon Group said on Wednesday that half-year profits tumbled after it was hit by higher costs.
Read moreRBC Capital upgrades Pennon, Severn Trent to 'outperform'
4th Oct 2022 14:18
(Sharecast News) - RBC Capital Markets upgraded both Pennon and Severn Trent on Tuesday to 'outperform' from 'sector perform'.
Read morePennon Group trades in line during H1
30th Sep 2022 07:40
(Sharecast News) - Water services company Pennon Group said on Friday that first-half trading was in line with expectations given the current "volatile" macroeconomic environment.
Read moreJPMorgan downgrades Severn Trent as it turns cautious on water sector
28th Jun 2022 09:46
(Sharecast News) - JPMorgan Cazenove downgraded Severn Trent on Tuesday as it took a look at the UK water sector.
Read morePennon sinks as Ofwat launches probe into South West Water
28th Jun 2022 08:44
(Sharecast News) - Pennon shares sank on Tuesday after it said that water regulator Ofwat will be including South West Water in its investigation into how water and wastewater companies manage their wastewater treatment works.
Read morePennon full year in line as profits dip
31st May 2022 07:43
(Sharecast News) - Water utility Pennon said on Tuesday that its full-year performance was in line with management expectations, with a "strong" contribution from Bristol Water, as it reported a dip in profits.
Read morePennon on track to meet full-year expectations
12th Apr 2022 08:07
(Sharecast News) - Water utility company Pennon said on Tuesday that it remains on track to deliver a full-year performance in line with management expectations.
Read moreCMA clears Pennon's £425m Bristol Water acquisition
7th Mar 2022 09:55
(Sharecast News) - The Competition and Markets Authority has cleared Pennon's £425m acquisition of Bristol Water.
Read morePennon to make proposal to CMA after Bristol Water merger review
22nd Dec 2021 10:14
(Sharecast News) - Pennon Group updated the market on the Competition and Markets Authority's phase one review of the merger of Bristol Water with its South West Water division on Wednesday, after the regulator confirmed its intention to pursue a phase two merger review unless acceptable undertakings were put forward by Pennon.
Read morePennon reports higher H1 profit and dividend
30th Nov 2021 07:44
(Sharecast News) - Pennon said sewage problems were reducing as the water company reported higher first-half profit and an increased dividend.
Read moreCMA partly clears Pennon's acquisition of Bristol Water
5th Nov 2021 07:50
(Sharecast News) - The Competition and Markets Authority said on Friday that it does not intend to further review Pennon Group's acquisition of Bristol Water Holdings under the Enterprise Act 2002, stating the deal would not lead to a lessening of competition, based on information currently available to it.
Read moreCMA proceeding with probe into Pennon acquisition of Bristol Water
28th Oct 2021 14:44
(Sharecast News) - The Competition and Markets Authority gave notice on Thursday that it has sufficient information on the completed acquisition of Bristol Water by Pennon Group to enable it to begin an investigation.
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