Stocks up ahead of US earnings data but oil prices stays high The FTSE 100 index ended up 104.23 points, 1.0%, at 10,656.28. Evening Standard · Oct 12
Burnham, take note: water shareholders have their uses – they can be squeezed for cash Owner of South West Water, Bristol Water and Bournemouth Water is tapping its investors for £550m after sewage spills The Guardian - UK · Oct 7
European stocks slump as bond sell-off resumes Bonds fell once more, and yields soared, amid worries in Europe and the Middle East. Evening Standard · Oct 7
South West Water owner taps investors to fix infrastructure after sewage spills Pennon slashes dividend and launches £550m cash call ‘to drive improved outcomes for customers and communities’ The Guardian - UK · Oct 7
South West Water owner asks investors for £550m after record sewage fine The firm recently received a record-breaking fine for environmental offences relating to pollution incidents in Devon and Cornwall The Independent UK · Oct 7
South West Water owner Pennon calls on investors to help fund overhaul The group’s plans for a £550 million rights issue and dividend cut will help fund round an extra £1 billion of investment. Evening Standard · Oct 7
Embattled South West Water owner taps investors for £550m amid overhaul plan The rights issue would help support plans for around an extra £1 billion of investment, chief executive Keith Haslett said. Evening Standard · Oct 7
Water Parasite Outbreak Leaves 140 Ill in UK, While Boss Gets £270,000 Bonus Amid Cryptosporidium Crisis Over 140 people fell ill due to contaminated water in Devon. Despite the crisis, the former CEO of South West Water received a £270,000 bonus, sparking public outrage. International Business Times UK · Jun 22
South West Water owner admits firm must ‘learn lessons’ from parasite outbreak Residents and businesses were left without water after cryptosporidium contamination in its water supply The Independent UK · Jun 10
South West Water owner says firm must ‘rebuild trust’ after parasite outbreak Pennon was prosecuted earlier this month at Exeter Magistrates’ Court for supplying water unfit for human consumption. Evening Standard · Jun 10
South West Water owner prepares to pay penalties after stormy weather Pennon Group said power outages during Storm Goretti and Storm Chandra had a widespread impact to South West Water’s operations. Evening Standard · Mar 10
Pennon swings to profit after water bill hikes and summer heatwave The owner of South West Water revealed the improved financial performance despite coming under fire for wastewater spills earlier this year. Evening Standard · Nov 27, 2025
South West Water owner names next chief executive Keith Haslett, who is currently chief executive of Affinity Water, is set to take over next year. The Independent UK · Oct 2, 2025
Brighter US outlook fires up European stocks The FTSE 100 index closed up 70.85 points, or 0.8%, at 9,284.83. Evening Standard · Sep 26, 2025
Evening Standard · Sep 26, 2025 Pennon to return to profitability despite pressure from summer heatwave The South West Water owner said it expects earnings to increase by 60% year-on-year.
Evening Standard · Jul 11, 2025 Boss of South West Water owner Pennon to retire Susan Davy said she will step down as chief executive and director on the South West Water parent firm’s board after 18 years with the firm.
Evening Standard · Jun 26, 2025 Pennon water boss lands nearly £200,000 in share bonuses despite losses The water firm revealed that chief executive Susan Davy was handed £191,000 in long-term share awards, with a total annual pay package of £803,000.
Evening Standard · Jun 3, 2025 South West Water owner Pennon says losses deepened after Devon parasite outbreak Last year’s incident in Brixham, south Devon, cost it about £21 million, pushing it deeper into an annual loss, it said.
The Independent UK · Apr 2, 2025 Thames Water appoints new finance boss Former Pennon CFO Steve Buck will join Thames Water next week at a ‘pivotal’ moment for the heavily indebted utility.
Evening Standard · Mar 31, 2025 Pennon costs surge to £36m after South West Water parasite outbreak in Devon The outbreak in May last year left some people in hospital and hundreds ill after contamination of the water supply in Brixham.
The Independent UK · Feb 25, 2025 Water boss admits ‘devastating’ impact of parasite outbreak while pay rises Pennon’s chief executive Susan Davy said her base salary was rising from £494,000 to £511,000 this year.
The Independent UK · Jan 29, 2025 FTSE 100 closes short of record levels despite further gains London’s top index finished 23.94 points higher to end the day at 8,557.81.
The Guardian - UK · Jan 29, 2025 United Utilities and Pennon to increase dividend payments as water bills rise Both will raise dividends in line with inflation, as South West Water and United Utilities bills to increase 23% and 32% over five years
The Independent UK · Jan 29, 2025 United Utilities and South West Water hike dividends amid bill increases The companies said they had agreed 32% and 23% bill increases negotiated with regulator Ofwat last year.
The Independent UK · Dec 19, 2024 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.