JP 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.
Read moreNational Grid the pick of utilities sector, reckons Barclays
30th Jan 2019 15:28
(Sharecast News) - National Grid looks the most attractive of the utilities stocks listed in London, said Barclays as it initiated coverage on the sector with the view that water companies are "fair value".
Read moreMonday broker round-up
10th Dec 2018 13:19
(Sharecast News) - RSA: Jefferies upgrades to buy with a target price of 606p.
Read moreWednesday broker round-up
28th Nov 2018 12:52
(Sharecast News) - Mark and Spencer Group: RBC Capital Market downgrades to sector performer with a target price of 320p.
Read moreTuesday broker round-up
27th Nov 2018 12:26
(Sharecast News) - Pets At Home Group: Liberum downgrades to hold with a target price of 120p.
Read moreUK summer helps Pennon interims shine
27th Nov 2018 08:21
(Sharecast News) - Summer heat in the UK helped boost interim profits at water utility Pennon Group, the company reported on Tuesday.
Read moreTuesday preview: Fed vicechairman, Pennon in focus
26th Nov 2018 16:39
(Sharecast News) - All eyes on Tuesday are likely to be on a speech by US Federal Reserve vice-chairman, Richard Clarida, as investors try to better gauge at what pace the central bank is likely to continue to tighten policy.
Read moreRBC downgrades Pennon, Severn Trent on regulatory fears
26th Nov 2018 14:43
(Sharecast News) - Analysts at RBC Capital Markets downgraded Pennon on Monday on the belief that the water and waste group will have a difficult time outperforming many of its peers.
Read moreMonday broker round-up
26th Nov 2018 12:09
(Sharecast News) - Workspace group: Deutsche Bank downgrades to hold with a target price of 1,100p.
Read moreLabour pledges to set up publicly-owned water services run by workers
24th Sep 2018 15:20
(Sharecast News) - The Labour party has pledged to "turn off the tap" that sells-off utilities for private profit and to set up publicly-owned transparent water companies run by local councils, workers and customers.
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