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Buy PEGRY
$13.59
+0.265 (+1.99%)
At Close: Jun 03, 2026
Ofwat tells water companies: Build faster and smarter
09:18am, Monday, 07'th Apr 2025
Britain's water companies have been told to pick up the pace. In a strongly worded letter to industry bosses, Ofwat chief executive David Black urged firms to speed up construction of major infrastruc
Pennon gets target upgrade after bagging £490mln from shareholders
07:55am, Tuesday, 18'th Feb 2025
Pennon Group PLC has seen its share price target upgraded by Citi analysts after completing a £490 million rights issue. Funding cleared a “material overhang,” Citi said in a note, including afte
Thames Water appeals regulator's price rise cap
03:08am, Friday, 14'th Feb 2025
Thames Water has taken its battle with regulator Ofwat to the next level by appealing to the Competition and Markets Authority over how much it can charge customers. The UK's largest water supplier ha
Pennon bags upgrade as RBC flags return of water sector certainty
08:28am, Tuesday, 04'th Feb 2025
Pennon Group PLC has been granted an upgrade by RBC analysts on signs of growing regulatory certainty and stronger earnings across the sector ahead. Return on retained earnings was forecast to average
Pennon taps shareholders for £490m as water bills go up
04:45am, Wednesday, 29'th Jan 2025
South West Water owner Pennon Group PLC (LSE:PNN, OTC:PEGRY) is tapping shareholders for £490 million in additional cash while at the same time raising bills and promising to pay out more in dividen
Water shares celebrate as Ofwat eases back on price controls
04:26am, Thursday, 19'th Dec 2024
Shares in the listed water companies were among the few risers on a tough day for London's blue chips as investors decided they had got off lightly in Ofwat's final price and investment determinations
Water companies expect easing of prices and returns from Ofwat
07:46am, Thursday, 12'th Dec 2024
UK water companies will hear from the industry regulator next Thursday, 19 December, what level of pricing and returns they will be allowed for the next five years. Investors will first look for the l
South West Water owner Pennon owner up 4% despite deep loss
08:18am, Wednesday, 27'th Nov 2024
FTSE 250-listed water firm Pennon Group PLC (LSE:PNN, OTC:PEGRY), which owns Devon and Cornwall supplier South West Water, is up 4% despite detailing an £18.6 million underlying loss before tax in th
Southern Water Moody's dowgrade fuels need for ‘attractive' regulation - analyst
07:14am, Thursday, 14'th Nov 2024
Moody's has cut Southern Water's debt rating and signalled further downgrades ahead as analysts warn a deteriorating sector outlook leaves the need for more supportive rules. Southern Water debt on We
Dividend cuts loom for water utilities, suggests UBS
09:00am, Wednesday, 13'th Nov 2024
A decision on the water utilities price regime for the next five years from regulator Ofwat is due on 19 December and UBS expects the upshot to be dividend cuts. In the case of South West Water owner
United Utilities higher after upgrade; Pennon rating cut
08:50am, Wednesday, 09'th Oct 2024
Shares in United Utilities Group PLC (LSE:UU.) were higher after RBC Capital shifted its preference in the UK water sector, upgrading the stock to “outperform”.
Pennon sets aside £16mln for Brixham water incident
03:47am, Thursday, 26'th Sep 2024
South West Water-owner Pennon Group PLC (LSE:PNN, OTC:PEGRY) has set aside £16 million to address the cryptosporidium water quality incident that occurred in Brixham over the summer. The funds are in
Pennon next in firing line over sewage discharges, suggests UBS
07:16am, Friday, 20'th Sep 2024
Pennon Group PLC's (LSE:PNN, OTC:PEGRY) trading statement will be overshadowed by the ongoing row over sewage discharges. “The storm overflow investigation on Thames Water/Yorkshire Water/Northumbr
Severn Trent, Pennon and other water utilities surge as government offers olive branch
11:34am, Thursday, 05'th Sep 2024
Shares in water companies on the FTSE 350 rose on Thursday as bosses from the industry assembled to hear a friendlier than expected speech from new environment minister Steve Reed. Leaked headlines ov
Water utility targets cut by RBC as regulatory background tightens
09:45am, Thursday, 08'th Aug 2024
Canadian broker RBC has given its assessment of the three listed UK water companies and tweaked its targets lower, though it concedes there are lot of moving parts at present that could change. All of
