Edition:
United Kingdom

Pennon Group PLC (PNN.L)

PNN.L on London Stock Exchange

714.80GBp
16 Nov 2018
Change (% chg)

5.20 (+0.73%)
Prev Close
709.60
Open
710.00
Day's High
716.80
Day's Low
697.80
Volume
1,642,842
Avg. Vol
1,213,359
52-wk High
815.50
52-wk Low
577.40

Latest Key Developments (Source: Significant Developments)

UK's Ofwat To Start Consulting On Outperformance, Underperformance Payments For 4 Water Cos
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - UK's OFWAT::TO BEGIN CONSULTING ON OUTPERFORMANCE, UNDERPERFORMANCE PAYMENTS FOR 4 OF 17 WATER COS IN ENGLAND, WALES, TO BE APPLIED FROM APRIL 2019.PROPOSES TO APPLY A NET UNDERPERFORMANCE PAYMENT OF £0.27M TO SOUTH WEST WATER.PROPOSES SEVERN TRENT TAKES £24.9M OF OUTPERFORMANCE PAYMENT FOR WASTEWATER SERVICES NOW; ADDITIONAL OUTPERFORMANCE PAYMENT DEFERRED UNTIL 2020.PROPOSES SEVERN TRENT MAKES A NET UNDERPERFORMANCE PAYMENT OF £29.6M FOR WATER SERVICES.NEW WATER CO HAFREN DYFRDWY INCURRED PROPOSED NET UNDERPERFORMANCE PAYMENT OF £62K RELATING TO AREA FORMERLY SERVED BY SEVERN TRENT WATER.ALSO CONSULTING ON CHANGES TO HOW SEVERN TRENT WATER'S OUTPERFORMANCE AND UNDERPERFORMANCE PAYMENTS ARE CALCULATED IN FUTURE.PROPOSES TO REDUCE RATE AT WHICH OUTPERFORMANCE PAYMENTS ARE EARNED.  Full Article

Pennon Group Says Co On Track To Meet Management Expectations For 2018/19
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Pennon Group PLC ::ON TRACK TO MEET MANAGEMENT EXPECTATIONS FOR 2018/19.COST SAVING MOMENTUM IS BEING MAINTAINED, LEADING TO ONGOING TOTAL EXPENDITURE (TOTEX) OUTPERFORMANCE.RORE IS ON TRACK FOR CONTINUED OUTPERFORMANCE FOR 2018/19.  Full Article

Pennon Group Sees FY Underlying Financial Performance In-Line With Expectations​
Monday, 26 Mar 2018 

March 26 (Reuters) - Pennon Group Plc ::FY ‍GROUP UNDERLYING FINANCIAL PERFORMANCE IN-LINE WITH EXPECTATIONS​.OVERALL PERFORMANCE AT SOUTH WEST WATER AS MEASURED THROUGH RETURN ON REGULATED EQUITY IS ANTICIPATED TO CONTINUE AT CUMULATIVE RATE OF 11.8%.  Full Article

Pennon Group says H1 pre-tax profit rose 2.3 pct
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - PENNON GROUP PLC ::INTERIM DIVIDEND UP 7.9 PERCENT TO 11.97 PENCEPER SHARE.H1 UNDERLYING PRETAX PROFIT ROSE 2.3 PERCENT TO 131.1 MILLION STG.HY UNDERLYING REVENUE OF ‍723.9​ MILLION STG VERSUS. 685.5 MILLION STG A YEAR AGO.‍GROUP HAS PERFORMED WELL IN H1 2017/18, AND IS ON TRACK TO DELIVER IN LINE WITH MANAGEMENT EXPECTATIONS FOR FULL YEAR 2017/18​.‍WATER BUSINESS IS ON TRACK TO DELIVER AGAINST ALL BUSINESS PLAN COMMITMENTS, INCLUDING THOSE UNDER FINANCIAL ODIS, BY 2020.‍VIRIDOR SEES GENERATING SIGNIFICANT GROWTH IN EBITDA OVER COMING YEARS, WITH STEP UP EXPECTED FROM 2018/19 AS ADDITIONAL FACILITIES COME ON STREAM​.  Full Article

UPDATE 2-UK water companies promise less leakage, tighter pricing

Sept 3 Thames Water and three other top UK water companies announced business plans on Monday aimed at reducing leakages and improving service while controlling prices after their performance was questioned during the country's hottest summer in decades.