London close: Stocks fall ahead of key inflation reading
21st May 2024 15:00
(Sharecast News) - London stocks ended in negative territory on Tuesday, influenced by the latest UK economic outlook from the International Monetary Fund (IMF) and comments from US Federal Reserve officials.
Read moreCMA mulling over Pennon-SES deal
14th May 2024 11:54
(Sharecast News) - Watchdog the Competition and Markets Authority said on Tuesday that it may accept Pennon Group's solutions to address concerns regarding the water utility outfit's purchase of Sutton and East Surrey Water, potentially clearing a path for the deal to go through.
Read moreCMA set for deeper probe of Pennon's SES acquisition
3rd May 2024 08:08
(Sharecast News) - Pennon Group worked to assure the market that its acquisition of Sutton and East Surrey Water (SES Water) would avoid a deeper competition probe on Friday, telling shareholders that it planned to offer "appropriate undertakings" to regulators.
Read moreLondon close: Stocks finish firmer ahead of Easter break
28th Mar 2024 16:08
(Sharecast News) - London's equity markets closed higher on Thursday ahead of the Easter break, despite lingering concerns over the UK's recessionary status in the latter part of last year.
Read morePennon trading in line, but bad weather impacts waste-water operations
25th Mar 2024 07:36
(Sharecast News) - Water group Pennon said it expects to report full-year results in line with expectations as it makes record levels of investment in the current pricing cycle, though challenging weather conditions have impacted its waste-water operational performance.
Read moreLondon close: Stocks mixed on relatively quiet Monday
15th Jan 2024 15:37
(Sharecast News) - London's stock market finished with a mixed performance on Monday, after underwhelming reports from PageGroup and Crest Nicholson.
Read moreSouth West Water accused of not being honest over drought projections
15th Jan 2024 15:28
(Sharecast News) - Shares in Pennon Group fell on Monday after its South West Water arm was accused on Monday of not being honest with regulators over how prepared it was for a drought in 2022.
Read morePennon raising cash to fund £89m acquisition of SES Water
10th Jan 2024 07:45
(Sharecast News) - Water utility company Pennon is raising up to £180m in an equity capital raise to fund the acquisition of Sumisho Osaka Gas Water UK, the holding company of Sutton and East Surrey Water (SES Water).
Read moreLondon close: Stocks mixed as US GDP growth tops forecasts
29th Nov 2023 16:40
(Sharecast News) - London markets closed with a mixed performance on Wednesday, influenced by a combination of UK data releases and robust economic growth in the US.
Read morePennon revenue rises, profit slides in first half
29th Nov 2023 07:16
(Sharecast News) - Water utility Pennon Group reported a 5.4% increase in first-half underlying revenue on Wednesday, to £448.6m, driven by inflationary tariff adjustments moderated by regulatory measures to minimise the impact on customer bills.
Read moreJefferies upgrades UK water companies
16th Oct 2023 13:50
(Sharecast News) - Jefferies upgraded Severn Trent, United Utilities and Pennon on Monday as it took a look at the UK water sector.
Read morePennon to create 2,000 jobs with £2.8bn investment in South West Water
2nd Oct 2023 07:22
(Sharecast News) - South West-focused water and wastewater group Pennon said it has traded in line with expectations in its first half ended 30 September as it submitted plans to Ofwat to invest £2.8bn in water quality and resilience.
Read morePennon buys three renewable power projects in £85m deal
11th Jul 2023 07:09
(Sharecast News) - Utilities firm Pennon Group announced the acquisition of three new renewable energy generation projects on Tuesday, as part of its long-term sustainable growth strategy.
Read moreHigher costs and drought hit profits at Pennon
1st Jun 2023 07:01
(Sharecast News) - Pennon Group said on Thursday that it swung to a full-year loss as higher costs and the long hot summer weighed heavily.
Read moreOfwat launches probe into Pennon over leakage data
23rd May 2023 07:26
(Sharecast News) - Ofwat said on Tuesday that it has launched an investigation into South West Water's leakage data, weighing on owner Pennon Group's shares.
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