Pennon CEO Susan Davy to retire
11th Jul 2025 12:17
(Sharecast News) - South West Water owner Pennon Group said on Friday that chief executive officer Susan Davy has decided to retire.
Read moreSouth West Water to pay out £24m over leak failures
10th Jul 2025 08:25
(Sharecast News) - South West Water is to pay out £24m after failures in waste water management led to unauthorised spills, it was announced on Thursday.
Read moreLondon close: Stocks slip on slew of UK data
30th Jun 2025 17:40
(Sharecast News) - London stocks ended lower on Monday as investors digested a series of UK economic data and monitored developments in North American trade negotiations.
Read morePennon pre-tax losses widen in full-year results
3rd Jun 2025 07:16
(Sharecast News) - Pennon Group reported a full-year statutory pre-tax loss of £72.7m for the 12 months ended 31 March on Tuesday, widening from a £9.1m loss the prior year, as finance costs rose and the company absorbed charges related to operational and structural interventions.
Read morePennon takes £36m hit from Brixham water supply scandal
31st Mar 2025 11:33
(Sharecast News) - Water utility company Pennon Group revealed on Monday that last year's Brixham water supply scandal had cost it roughly £36.0m in "reshaping and transformation" costs.
Read moreCiti upgrades Pennon, sees scope for mean reversion trade
10th Mar 2025 09:36
(Sharecast News) - Analysts at Citi upgraded shares of Pennon, telling clients that markets had become unduly pessimistic.
Read moreDeutsche Bank upgrades Pennon to 'hold' from 'sell'
31st Jan 2025 14:54
(Sharecast News) - Deutsche Bank upgraded Pennon on Friday to 'hold' from 'sell' and lifted the price target to 570p from 490p following the "deeply discounted" rights issue earlier this week.
Read moreBroker tips: Next, Pennon, Greencore, Bakkavor
31st Jan 2025 11:45
(Sharecast News) - UBS upgraded its stance on Next on Friday to 'buy' from 'neutral' and lifted the price target to 11,700p from 10,500p.
Read moreLondon close: Stocks mixed ahead of US Fed decision
29th Jan 2025 15:22
(Sharecast News) - London's financial markets finished in a mixed state on Wednesday, as investors looked to the latest policy announcement from the US Federal Reserve and awaited key earnings reports from major American technology firms.
Read morePennon announces £490m rights issue to support investment
29th Jan 2025 10:00
(Sharecast News) - Pennon Group announced a fully underwritten £490m rights issue to support its investment programme through to 2030 on Wednesday.
Read moreLondon close: Stocks finish lower after slew of weaker data
7th Jan 2025 15:42
(Sharecast News) - London stocks ended lower on Tuesday, weighed down by weaker economic data and broader market uncertainty.
Read moreDeutsche Bank downgrades Pennon to 'sell'
7th Jan 2025 10:02
(Sharecast News) - Deutsche Bank downgraded Pennon on Tuesday to 'sell' from 'hold' and cut the price target to 530p from 600p as it took a look at water stocks following the publication of Ofwat's final determinations in December.
Read moreLondon close: Stocks mixed as US PCE inflation holds steady
20th Dec 2024 16:05
(Sharecast News) - London stocks ended the day on a mixed note Friday, as investors weighed weaker-than-expected UK retail sales growth and cooler US price growth than anticipated.
Read moreLondon close: Stocks slip as BoE holds rates steady
19th Dec 2024 17:07
(Sharecast News) - London stocks closed sharply lower on Thursday, as investors digested a slew of central bank decisions across the globe.
Read moreAverage water bills to rise by 36% over next five years
19th Dec 2024 07:03
(Sharecast News) - Average water bills are to rise by over a third in the next five years, the UK regulator confirmed on Thursday.
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