All the updated news related to pennon

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City

Water firm Pennon sees profits hit by soaring power costs

Water firm Pennon said its half-year profits slumped by three quarters after it was hit by a doubling of power costs amid the energy crisis. The company said first half pre-tax profits tumbled by 75.1% to £22.5 million in the six months to September ...

30 Nov 2022 at 09:58

South West Water owner increases dividend payout amid Devon parasite outbreak

The owner of South West Water has insisted it is “100% focused” on returning a safe water supply to those affected by the parasite outbreak in Devon as it revealed higher annual earnings and an increased dividend for investors. Pennon said it is ...

21 May 2024 at 09:23

South West Water owner reveals £3.5m parasite compensation bill

The owner of South West Water (SWW) has revealed it is paying out about £3.5 million in compensation to customers affected by the parasite outbreak in Devon amid calls for the company to offer more for affected households and businesses. Pennon ...

21 May 2024 at 08:12

MP calls for water firm to give up shareholder dividends

An MP has called on the owners of a water company embroiled in a parasitic outbreak in Devon affecting thousands of residents and businesses to relinquish dividend payments to shareholders. Pennon, which owns South West Water, has increased ...

21 May 2024 at 15:04

Under-fire water sector pledges to fix pollution issues and create jobs

Water firms have pledged to create thousands of jobs and support vulnerable customers as part of their five-year investment plan, with aims to tackle pollution issues that have seen the sector come under recent heavy fire. Stock market ...

02 Oct 2023 at 15:20

City

South West Water owner delays environmental performance rating target

The company behind South West Water and Bristol Water has abandoned its ambition to reach a four-star environmental performance rating in 2024, blaming “current operating conditions”. Pennon Group said that it now does not think it ...

25 Mar 2024 at 09:57

City

South West and Bristol Water owner Pennon ups investment plans by £100m

Water company Pennon plans to invest another £100 million more than previously thought over the next two years as it tries to get to grips with the sector’s pollution problem. The business, which owns South West Water and Bristol ...

29 Nov 2023 at 10:02

City

Pennon’s south-east England water firm deal could harm regulation, says watchdog

Britain’s competition watchdog has said Pennon’s buyout of Sutton and East Surrey Water (SES) could hurt the regulator’s ability to compare water companies. The Competition and Markets Authority (CMA) said the deal could ...

03 May 2024 at 10:26

City

Pennon’s £380m SES Water buyout likely to get green light, says watchdog

Britain’s competition watchdog has signalled it could approve Pennon’s buyout of Sutton and East Surrey (SES) Water, which would bring water services for 845,000 customers under the FTSE 250 firm’s control. The ...

14 May 2024 at 12:49

City

Water supplier Pennon sinks to loss after hot, dry summer

Water supplier Pennon Group has sunk to a loss after being hammered by soaring power costs, extreme weather, and telling households to use less water. It comes as suppliers are under mounting pressure from ...

01 Jun 2023 at 13:08

South West Water owner hands boss 58% pay hike despite pollution surge

City

South West Water owner says boss forgoes bonuses as new chairman named

Under-fire water group Pennon has revealed its chief executive saw her pay package jump 58% after picking up a £298,000 shares bonus despite seeing pollution incidents nearly double at South West Water ...

10 Jun 2024 at 12:50

City

Pennon’s £380m SES Water takeover gets green light after competition probe

Regulators have cleared Pennon’s £350 million buyout of Sutton and East Surrey (SES) Water, meaning water services for 845,000 customers will come under the FTSE 250 firm’s control. The Competition ...

14 Jun 2024 at 15:09

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