Pennon 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.
Read morePennon Group on track to meet full-year expectations
14th Mar 2023 09:44
(Sharecast News) - Water utility Pennon Group said in an update on Tuesday that it was on track to deliver results in line with management expectations.
Read moreRBC Capital downgrades Pennon, Severn Trent
13th Feb 2023 07:28
(Sharecast News) - RBC Capital Markets downgraded Pennon and Severn Trent on Monday.
Read moreWater 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.
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