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United Kingdom

Pennon Group PLC (PNN.L)

PNN.L on London Stock Exchange

755.20GBp
21 Jul 2019
Change (% chg)

5.60 (+0.75%)
Prev Close
749.60
Open
752.60
Day's High
758.71
Day's Low
742.60
Volume
1,174,167
Avg. Vol
975,225
52-wk High
800.00
52-wk Low
679.48

Latest Key Developments (Source: Significant Developments)

Pennon Group FY Pretax Profit Rises
Thursday, 30 May 2019 

May 30 (Reuters) - Pennon Group PLC ::ANNUAL FINANCIAL REPORT.FY REVENUE £1,478.2M VERSUS £1,393.0M.FY STATUTORY PBT AT £260.3 MILLION.2018/19 DIVIDEND PER SHARE UP +6.4% TO 41.06P.FY UNDERLYING PROFIT BEFORE TAX (PBT) £280.2M VERSUS £258.8M.CONFIDENT IN THE LONG-TERM MARKET OUTLOOK.ON TRACK TO DELIVER ALL BUSINESS PLAN COMMITMENTS BY 2020.SEE LOCALISED OPPORTUNITIES FOR FURTHER ERF INVESTMENT AND ARE DEVELOPING OPTIONS FOR THREE NEW ERFS.FIRST PART OF VIRIDOR'S NEXT GROWTH PHASE WITH SIGNIFICANT INVESTMENT IN A NEW PLASTICS PROCESSING FACILITY.  Full Article

Pennon Says HY Results Recognised Receivable Of 72 Mln Stg Due From Interserve Construction
Monday, 25 Mar 2019 

March 25 (Reuters) - Interserve PLC ::CO'S HY RESULTS RECOGNISED A GROSS RECEIVABLE OF £72 MILLION DUE FROM INTERSERVE CONSTRUCTION LTD.AT H1 2018/19, TAKING INTO ACCOUNT ASSESSMENT OF MARKET INDICATORS OF CREDIT RISK, PROVISION OF £8 MILLION RECOGNISED AGAINST RECEIVABLE.CURRENTLY RECOGNISING PROVISION OF £16 MILLION; NON CASH PROVISION RECOGNISED TO DATE WILL BE REPORTED AS NON UNDERLYING ITEM.AS INTERSERVE ENTERED ADMINISTRATION, CO SEEKING FURTHER CLARIFICATION REGARDING FINANCIAL POSITION OF INTERSERVE CONSTRUCTION LTD.  Full Article

Pennon On Track To Meet Management Expectations For FY 2018/19
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - Pennon Group PLC ::SAYS MOMENTUM CONTINUES WITH A STRONG PERFORMANCE IN FIRST HALF OF 2018/19 ACROSS BOTH WATER AND WASTE.SAYS PENNON IS ON TRACK TO MEET MANAGEMENT EXPECTATIONS FOR FULL YEAR 2018/19.SAYS HY STATUTORY PBT UP +2.9% TO £133.6 MILLION.SAYS H1 REVENUE 746.7 MILLION STG, UP 3.1 PERCENT.SAYS HY GROUP UNDERLYING PROFIT BEFORE TAX WAS £142.5 MILLION, AN INCREASE OF 8.7%.  Full Article

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

Ex-divs to take 2.81 points off FTSE 100 on July 25

LONDON, July 22 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 2.81 points off the index. COMPANY RIC DIVIDEND STOCK OPTION IMPACT (pence) SSE Plc 68.2