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The Latest Breaking News from Pennon

FTSE slumps as Bank of England holds interest rates

The FTSE 100 finished 93.79 points, or 1.14%, lower to end the day at 8,105.32.

The Independent UK

Pennon losses widen after South West Water’s parasite outbreak in Devon

London-listed company Pennon said the incident in Brixham, south Devon, cost it £16.3 million, contributing to deepening first-half losses.

Evening Standard

The best long-term plan for Thames Water is to get it back on the stock market

The discipline of being a listed company should mean an end to the days of ultra-high leverage and opaque corporate structures

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Global heating will increase risk of parasite outbreaks, say South West Water owners

Pennon Group annual report lists dangers to water quality posed by higher temperatures

The Guardian - UK

Severn Trent boss paid £3.2m despite firm’s fine for sewage spills in river

Liv Garfield’s pay included a £584,000 bonus despite firm’s £2m fine for spilling 260m litres of sewage into River Trent

The Guardian - UK

South West Water owner’s boss should lose all bonuses after Devon parasite outbreak

Pennon boss Susan Davy gave up part of pay for a second year, but she should also miss cash from long-term incentive plan

The Guardian - UK

South West Water hands boss huge pay hike despite pollution soaring

The pay details come as the group also revealed that pollution incidents at South West Water soared by 80% in 2023

The Independent UK

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Pennon chair to go weeks after Devon water contamination scandal and dividend outcry

Gill Rider to leave the firm that recommended a £127 million investor payout days after water supply made scores of people ill

Evening Standard

Boss of South West Water’s owner gains £300,000 pay rise

Pay rise for Pennon Group CEO Susan Davy comes despite outrage over Devon diarrhoea outbreak caused by polluted water

The Guardian - UK

South West Water reveals cost of parasite compensation bill

Calls have been made for South West Water (SWW) to pay more compensation to those who were hit by the cryptosporidium outbreak in Devon.

The Independent UK

Devon parasite outbreak: anger as South West Water increases dividend

Supplier hands out £127m to investors as it says normal service has been restored for 85% of customers

The Guardian - UK

Owner of firm fined for sewage dumping buys Sutton and East Surrey Water

Pennon, which owns South West Water, Bristol Water and Bournemouth Water, has bought SES Water in a £380m deal

The Guardian - UK

Pennon buys south London water company SES Water

Pennon promised to improve the supplier’s ‘financial resilience’

Evening Standard

South West Water to reward customers who cut use with lower bills

‘Eco tariffs’ would not, however, be offered to those vulnerable customers already on lower, ‘social’ rates

The Guardian - UK

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news in one place.

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Evening Standard

FTSE 100 Live: London house prices falling, index closes down 1.3% after late tumble, John Lewis chair to quit

Bets that US interest rates will stay higher for longer today continued to weigh on stock market sentiment.

Birmingham Post

Pennon invests in three new renewable energy generation projects

The Exeter-based utilities group is the parent firm for South West Water and Bristol Water

Birmingham Post

Pennon records 88 per cent drop in profit in annual results

The Exeter-based utilities group attributed the drop to the rising costs of energy

The Guardian - UK

South West Water under investigation over leaks and usage figures

Shares in owner Pennon Group fall as it says Ofwat has launched inquiry into South West Water

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news in one place.

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Birmingham Post

South West Water to be investigated by regulator

South West Water is owned by Exeter-based Pennon Group

The Guardian - UK

UK growth forecast upgraded by IMF; Bank of England governor says ‘big lessons to learn’ after inflation shock – as it happened

New IMF report shows “a big upgrade to the UK’s growth forecast” says Jeremy Hunt, with UK expected to grow by 0.4% this year not shrink by 0.3%

Birmingham Post

Pennon completes South West Water and Bristol Water merger and is 'on track' with financial expectations

The Exeter-based utilities group added water resilience work was 'progressing well'

Birmingham Post

Pennon tops FTSE Women Leaders Review for second year

An independent report found more than half of the Exeter-based utilities group’s board members are women

Bristol Post

Bristol Water to give customers money off their bill or shares amid cost-of-living crisis

The scheme first launched in 2020 but is now being extended to hundreds of thousands of households in Bristol

Birmingham Post

Pennon opens second share scheme to Bristol Water customers

The FTSE-250 firm first launched the initiative in 2020 and has now extended it to households in Bristol

The Guardian - UK

Revealed: more than 70% of English water industry is in foreign ownership

Guardian unpicks complex web of investment firms, wealth funds and tax haven-based businesses that own most of sector

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