South West Water accepts Ofwat price settlement
14th Feb 2020 08:07
(Sharecast News) - South West Water said it would not take its latest price settlement to competition authorities despite several utilities saying they planned to do so.
Read moreTuesday broker round up
11th Feb 2020 12:24
(Sharecast News) - Rio Tinto: RBC Capital Markets downgrades to underperform with a target price of 3,300p.
Read morePennon said to be planning sale of Viridor
13th Jan 2020 09:01
(Sharecast News) - Shares of South West Water owner Pennon surged on Monday following reports that it was preparing to sell off its Viridor waste management business after a bid from US private equity firm KKR.
Read moreWater company shares rise as Ofwat proposes reduced bills
16th Dec 2019 10:37
(Sharecast News) - Listed water companies had a lot to consider on Monday morning, after Ofwat published its final determinations for the next regulatory period.
Read morePennon posts decent earnings performance in first half
26th Nov 2019 07:56
(Sharecast News) - Water and waste management utility operator Pennon Group reported a 4.6% fall in underlying revenue in its first half results on Tuesday, excluding the impact of IFRS 16, to £712.4m.
Read moreFTSE 250 movers: Electrocomponents slides, Oxford Instruments climbs
12th Nov 2019 14:34
(Sharecast News) - London's FTSE 250 was down by 0.07% at 20,395.26 in afternoon trading on Tuesday, with Electrocomponents leading the index lower.
Read moreTuesday broker round-up
12th Nov 2019 13:31
(Sharecast News) - BBA Aviation: HSBC downgrades to hold with a target price of 330p.
Read moreThursday broker round-up
10th Oct 2019 13:00
(Sharecast News) - Ferrexpo: Barclays downgrades to underweight with a target price of 110p.
Read morePennon to hold strategic review after strong unit performances
27th Sep 2019 07:11
(Sharecast News) - Pennon on Friday said it will conduct a full review of its strategic focus, growth options and capital allocation policy after continued strong performances from its Viridor and South West Water businesses.
Read moreJP Morgan stays at 'neutral' on Pennon due to regulatory and political risks
13th Sep 2019 15:15
(Sharecast News) - Analysts at JP Morgan stayed at 'neutral' on shares of UK waste and water group Pennon following its Capital Markets event on Thursday, telling clients that for now regulatory and UK political risks offset the scope for growth in the company's waste unit.
Read moreRBC upgrades Pennon to 'outperform'
6th Sep 2019 10:03
(Sharecast News) - Analysts at RBC Capital Markets upgraded British utility company Pennon from 'sector perform' to 'outperform' on Friday, on the back of expectations for "strong growth" in its recycling and energy recovery and waste management unit, Viridor.
Read moreFTSE 250 movers: Sophos surges, Just Group slides
16th May 2019 15:03
(Sharecast News) - London's FTSE 250 was up 0.59% at 19,484.51 in afternoon trade on Thursday, with Sophos leading the index upward.
Read morePennon's South West Water receives draft determination for next regulatory period
11th Apr 2019 08:27
(Sharecast News) - Pennon Group confirmed on Thursday that the water industry regulator Ofwat has published a draft determination for its South West Water operation, following its announcement on 31 January that its 2020-2025 business plan had been assessed as 'fast tracked.
Read moreFriday broker round-up
5th Apr 2019 12:53
(Sharecast News) - Purplebricks: Berenberg downgrades to sell with a target price of 80p.
Read moreOfwat fast-tracks plans from United Utilities, Severn Trent, Pennon
31st Jan 2019 08:31
(Sharecast News) - United Utilities, Severn Trent and Pennon's South West Water have all been given fast-track status by the regulator for their 2020-25 business plans.
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