Water lobby accused of ‘spin’ after claiming public lack knowledge Business The UK's biggest water companies have faced stinging criticism for the amount of sewage leaked into British rivers and seas in recent years.
Pennon blames sewage leaks and pollution on ‘exceptionally high’ groundwater Business Water firms leaked over one trillion litres of water last year, new analysis from the Observer revealed earlier in the year.
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 April 25, 2024 Mark Kleinman gets the City talking with his weekly column
Pennon mega-deal for Sutton and East Surrey Water facing competition probe March 7, 2024 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 [...]