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Pennon Says Review Of Co Ongoing And All Options Being Considered
Pennon Group H1 Underlying Pretax Profit Rose 0.8% To 143.7 Mln Stg
Pennon Group Says On Track To Meet Management Expectations For 2019/20
Pennon Group Plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. The Company's segments include Water and Waste management. Its water business comprises the regulated water and wastewater services undertaken by South West Water Limited and the regulated water services undertaken by Bournemouth Water Limited. The waste management business is the waste recycling and recovery services provided by Viridor Limited. South West Water Limited is engaged in providing water and wastewater services for Devon, Cornwall and parts of Dorset and Somerset. Bournemouth Water Limited is engaged in providing the water services for parts of Dorset, Hampshire and Wiltshire. Viridor Limited is a recycling, energy recovery and waste management company, providing services to over 150 local authorities and corporate clients, as well as over 32,000 customers across the United Kingdom.
Peninsula House, Rydon Lane
Non-Executive Chairman of the Board
Group Chief Executive Officer, Executive Director
Susan Jane Davy
Chief Financial Officer, Executive Director
Simon A F Pugsley
General Counsel, Company Secretary
Managing Director of Viridor
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London's main index gained on Monday, in step with other global peers, as investors took heart from the imminent signing of a Phase 1 U.S.-China trade deal, while a jump in shares of utility Pennon Group helped the midcaps outperform.
** Shares of utility company Pennon Group hit record high after report that KKR submitted a bid for Pennon's waste management arm, Viridor
Pennon <PNN.L> said on Monday a previously announced review into its strategic focus was ongoing and all options were being considered in response to a report that KKR <KKR.N> had made a bid for the British water utility's waste management business.
** Shares of utility company Pennon Group up 6.7% at 1,073p; among top gainers on London's midcap index
(This may 30 story corrects seventh paragraph to say high volume of leaks was across the industry)
Pennon Group reported an 8.3% jump in full-year earnings on Thursday, as strong performance by its waste recycling unit helped the UK water utility and waste management company offset higher costs at its South West Water business.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.