Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Pennon Group PLC    PNN   GB00B18V8630

PENNON GROUP PLC

(PNN)
  Report  
Delayed Quote. Delayed London Stock Exchange - 08/16 11:35:29 am
718 GBp   +0.50%
08/01PENNON : Block Listing Interim Review
PU
07/26PENNON : Block listing application
PU
07/25PENNON GROUP : Ex-dividend day for final dividend
FA
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Ofwat calls for £12-billion boost to water network investment

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/18/2019 | 03:06am EDT
Two people take a walk by the water's edge, where the water level has dropped significantly during the U.K. heatwave, of Torside Reservoir in Longdendale

(Reuters) - Britain's water regulator on Thursday called for the country's utilities to invest the equivalent of £6 million every day for the next five years in plans to reduce pollution and leakages in increasingly stressed UK infrastructure.

The Water Services Regulation Authority, Ofwat, said the targets of its "most far-reaching price review" ever included cutting pollution incidents by more than a third and reducing supply interruptions by almost two-thirds.

"... We are calling for extra investment of £6 million each and every day to improve the environment and provide services for a growing population. At the same time we expect to see customers' bills cut by an average of £50," Ofwat Chief Executive Rachel Fletcher said (http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190718:nRSR9494Fa).

Ofwat's proposals included an additional £12 billion, to be invested over and above business-as-usual costs and investments, to improve services for future generations including by building reservoirs, moving water to where it is needed most and protecting the environment.

(Reporting by Muvija M in Bengaluru; editing by Patrick Graham)

Stocks mentioned in the article
ChangeLast1st jan.
PENNON GROUP PLC 0.50% 718 Delayed Quote.3.64%
SEVERN TRENT 0.80% 2007 Delayed Quote.10.55%
UNITED UTILITIES -0.96% 781.6 Delayed Quote.6.17%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PENNON GROUP PLC
08/01PENNON : Block Listing Interim Review
PU
07/26PENNON : Block listing application
PU
07/25PENNON GROUP : Ex-dividend day for final dividend
FA
07/18Ofwat calls for £12-billion boost to water network investment
RE
07/09Ofwat calls on water utilities to restrict shareholder payouts
RE
06/26PENNON : Annual Report and Accounts and Notice of AGM
AQ
06/25PENNON : Annual Report and Accounts and Notice of AGM
PU
06/25PENNON : Annual report and accounts 2019 and notice of agm
PU
05/31PENNON : South West Water owner Pennon's full-year profit jumps on waste recycli..
RE
05/30UK Utilities Called Upon to Return Billions Paid Due to Regulatory 'Blunder'
DJ
More news
Financials (GBP)
Sales 2020 1 461 M
EBIT 2020 369 M
Net income 2020 223 M
Debt 2020 3 180 M
Yield 2020 6,15%
P/E ratio 2020 13,3x
P/E ratio 2021 13,4x
EV / Sales2020 4,24x
EV / Sales2021 4,26x
Capitalization 3 016 M
Chart PENNON GROUP PLC
Duration : Period :
Pennon Group PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PENNON GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 783,85  GBp
Last Close Price 718,00  GBp
Spread / Highest target 21,2%
Spread / Average Target 9,17%
Spread / Lowest Target -9,47%
EPS Revisions
Managers
NameTitle
Christopher Loughlin Group Chief Executive Officer & Executive Director
John Parker Non-Executive Chairman
Susan Jane Davy Chief Financial Officer & Executive Director
Gillian Ann Rider Senior Independent Non-Executive Director
Neil Cooper Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PENNON GROUP PLC3.64%3 636
ORSTED AS55.38%41 453
SEMPRA ENERGY28.05%38 036
NATIONAL GRID PLC12.24%35 882
ENGIE7.51%35 692
ELECTRICITÉ DE FRANCE-23.62%34 868