Utilities group Pennon has said it is “on track” to deliver financial results in line with bosses’ expectations after completing the merger of South West Water with Bristol Water.
In a trading update on Tuesday (March 14), the Exeter-based company told investors, following the CMA’s approval of its £425m takeover of Bristol Water last year, the combined water business was now operating under one licence, as of last month.
The FTSE firm which provides water to around 3.5 million people across the South West, said it was reinvesting to increase water resilience and enhance the environment.
