Pennon prepared to weather Covid-19 after Viridor sale
30th Mar 2020 08:35
(Sharecast News) - Water company Pennon updated the market on its trading in light on its results for the year ending 31 March, and the Covid-19 coronavirus outbreak, on Monday, reporting that group performance for the 2019-2020 financial year was in line with management expectations.
Read moreFriday broker round-up
20th Mar 2020 13:28
(Sharecast News) - Bunzl: Credit Suisse downgrades to underperform with a target price of 1,195p.
Read moreThursday broker round-up
19th Mar 2020 11:33
(Sharecast News) - Barratt Developments: Jefferies upgrades to buy with a target price of 729p.
Read morePennon to sell Viridor for ?4.2bn to Planets UK Bidco Limited
18th Mar 2020 15:41
(Sharecast News) - Pennon is planning the sale of its recycling and waste business Viridor to Planets UK Bidco Limited for ?4.2bn.
Read moreKingfisher, TUI and NMC Health drop out of FTSE 100
5th Mar 2020 11:14
(Sharecast News) - Kingfisher, TUI and NMC Health have dropped out of the FTSE 100 in the index's quarterly reshuffle.
Read moreJP Morgan upgrades Severn Trent in bullish water companies update
18th Feb 2020 14:25
(Sharecast News) - JP Morgan upgraded its price targets for UK water companies and its recommendation on Severn Trent after the regulator approved five-year plans and December's election removed the threat of nationalisation.
Read moreSouth 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.
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