All the updated news related to pennon

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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

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 regulators and the public to reduce sewage ...

01 Jun 2023 at 13:08

City

Pennon announces £16m Devon contamination hit and rising sewage spills

South West Water owner Pennon has announced rising cases of sewage spills and a hit of about £16 million from the parasite contamination crisis in Devon earlier this year. The group said it racked up the costs from the contamination incident in ...

26 Sept 2024 at 10:38

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 Competition and Markets ...

14 May 2024 at 12:49

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. ...

21 May 2024 at 09:23

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, ...

21 May 2024 at 15:04

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 ...

21 May 2024 at 08:12

Boil water notice lifted for last residents in town after May parasite outbreak

A “boil water” notice has been lifted for the last remaining residents in Brixham, eight weeks after the Devon town was hit by a parasite outbreak. Thousands of households and businesses in the Brixham area of Devon, ...

09 Jul 2024 at 09:24

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 ...

25 Mar 2024 at 09:57

City

Water firms hike dividends despite sewage pollution scandal and rising bills

England’s three biggest listed water companies have hiked their dividend payouts to investors and announced more than £700 million in profit, despite rampant sewage pollution and substantial planned rises in ...

22 May 2024 at 15:17

City

Pennon losses widen after South West Water’s parasite outbreak in Devon

A parasitic outbreak in Devon earlier this year pushed the owner of South West Water further into the red in the first half, after it was forced to pay compensation. London-listed company Pennon said the ...

27 Nov 2024 at 16:50

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 ...

29 Nov 2023 at 10:02

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