Pennon on track to meet full-year expectations
12th Apr 2022 08:07
(Sharecast News) - Water utility company Pennon said on Tuesday that it remains on track to deliver a full-year performance in line with management expectations.
Read moreCMA clears Pennon's £425m Bristol Water acquisition
7th Mar 2022 09:55
(Sharecast News) - The Competition and Markets Authority has cleared Pennon's £425m acquisition of Bristol Water.
Read morePennon to make proposal to CMA after Bristol Water merger review
22nd Dec 2021 10:14
(Sharecast News) - Pennon Group updated the market on the Competition and Markets Authority's phase one review of the merger of Bristol Water with its South West Water division on Wednesday, after the regulator confirmed its intention to pursue a phase two merger review unless acceptable undertakings were put forward by Pennon.
Read morePennon reports higher H1 profit and dividend
30th Nov 2021 07:44
(Sharecast News) - Pennon said sewage problems were reducing as the water company reported higher first-half profit and an increased dividend.
Read moreCMA 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 more