CMA 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.
Read morePennon trading in line as revenues offset increased costs
28th Sep 2021 09:16
(Sharecast News) - Pennon Group updated the market on its current trading on Tuesday, reporting that it was on track to deliver a "resilient" financial performance in line with management expectations.
Read moreMonday broker round-up
23rd Aug 2021 13:09
(Sharecast News) - Pearson: JP Morgan upgrades to overweight and raises target price from 840.0p to 960.0p.
Read moreWater companies to share cost of bad debt with business customers
26th Jul 2021 16:20
(Sharecast News) - The water regulator will permit water suppliers to raise prices for businesses and other non-household customers from next year, in a bid to offset the costs of higher amounts of bad debt amid the Covid-19 pandemic.
Read moreTuesday broker round-up
6th Jul 2021 13:14
(Sharecast News) - WM Morrison Supermarkets: Credit Suisse downgrades to neutral with a target price of 254p.
Read moreFriday broker round-up
4th Jun 2021 13:15
(Sharecast News) - Victrex: Numis upgrades to add with a target price of 2,800p.
Read morePennon declares special dividend, acquires Bristol Water for £425.0m
3rd Jun 2021 08:03
(Sharecast News) - Utility company Pennon Group said on Thursday that despite underlying pre-tax profits slipping in a "pivotal year", it would pay out a special dividend for the twelve months ended 31 March and that it had agreed to acquire Bristol Water for £425.0m.
Read moreWednesday broker round-up
19th May 2021 13:31
(Sharecast News) - Ferguson: Berenberg upgrades to hold with a target price of 8,400p.
Read morePennon on track to deliver 'resilient' FY results
30th Mar 2021 08:02
(Sharecast News) - Water group Pennon said on Tuesday that it was on track to deliver "resilient financial results" in line with management expectations.
Read moreMonday broker round-up
1st Mar 2021 13:43
(Sharecast News) - Pennon Group: Barclays upgrades to overweight with a target price of 1,060p.
Read morePennon rallies on Barclays upgrade
1st Mar 2021 11:26
(Sharecast News) - Pennon rallied on Monday after Barclays upgraded the stock to 'overweight' from 'equalweight' following a de-rating.
Read moreDr Martens treads close to FTSE 100 as reshuffle looms
17th Feb 2021 10:03
(Sharecast News) - Dr Martens could boot its way straight into the FTSE 100 after the footwear brand's shares surged following its successful flotation.
Read moreTuesday broker round-up
1st Dec 2020 13:38
(Sharecast News) - Diageo: Deutsche Bank upgrades to buy with a target price of 3,900p.
Read moreJP Morgan reiterates 'top pick' for United Utilities in UK water space
1st Dec 2020 11:40
(Sharecast News) - Analysts at JP Morgan stuck to United Utilities as their 'top pick' in the UK water space.
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