Pennon: South West Water owner raises dividend despite loss water Pennon Group has one of the best records of performance of any water company in England.
Mark Kleinman: A remix at Hipgnosis and accountancy drama Kleinman Mark Kleinman gets the City talking with his weekly column
Pennon mega-deal for Sutton and East Surrey Water facing competition probe UTILITIES Pennon paid £89m in equity but the total enterprise deal was worth £380m
Pennon acquires Sutton and East Surrey Water for £89m to expand southern England footprint January 10, 2024 Pennon Group acquires SES Water for £89m in bid to expand to southern England.
Pennon Water hikes dividend and capital spending plans despite profit slump November 29, 2023 Pennon Water reported a 90 per cent drop in profit this morning but hiked its dividend as management remained confident about the group's outlook.
Pennon Group swings to loss in “extraordinary year” as pressure mounts on water industry June 1, 2023 Water company Pennon Group swung to a pretax loss in 2023 due to rising costs as the water industry faces pressure to clean up its act . The owner of South West Water reported a pretax loss of £8.5m, swung from a profit of £127.7m last year as costs increased by over £100m in the [...]
Profits plunge for Pennon as inflation bites November 30, 2022 Profits dipped for Pennon this half year as inflationary pressures get the better of the water services group. Underlying profit before tax slumped 75 per cent compared to 2021 levels, reflecting the near-term pressures on earnings from inflation driven power pricing and financing costs. Profit before tax was £20.9m for Pennon, down from £79.9m in [...]
Women now dominate boards of top three water firms, with five-out-of-six CEO and chair positions held April 28, 2022 Women now dominate the boards of water companies, with five out of six heads taking up the roles. The majority of chief executives and chairs for the three FTSE-Listed water firms, Severn Trent, Pennon and United Utilities, are now held by women. This comes after Louise Beardmore was promoted to chief executive at UU, succeeding [...]
Water firms turn on taps with £2.7bn investment pledge July 15, 2021 The UK’s water companies will pour a total of £2.7bn into environmental improvements over the next five years, it was announced this morning. On top of £1.9bn of pre-planned spending, sector regulator Ofwat has this morning approved an extra £793m of investment. The watchdog said that the additional spending would “allow water companies to take [...]
Water firms slammed over ‘unacceptable’ environmental performance July 13, 2021 Southern Water and South West Water have this morning been slammed over their environmental record, which the sector watchdog called “consistently unacceptable”. According to the Environment Agency’s latest annual report into the UK’s water firms, no single company hit all the targets laid out for the 2015-2020 period. Although pollution incidents declined for the second [...]