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Pin to quick picksPennon Share News (PNN)

Share Price Information for Pennon (PNN)

London Stock Exchange
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Share Price: 698.50
Bid: 702.50
Ask: 703.50
Change: 9.50 (1.38%)
Spread: 1.00 (0.142%)
Open: 687.00
High: 709.00
Low: 687.00
Prev. Close: 689.00
PNN Live PriceLast checked at -

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PRESS: Pennon Readies Sale Of Waste Management Arm Viridor - Telegraph

Mon, 13th Jan 2020 08:45

(Alliance News) - Pennon Group PLC's shares rose on Monday after the Daily Telegraph reported that the water company's Viridor waste management arm is set to be put up for sale.

Citing "City sources", the newspaper said Pennon rejected a bid from US private equity fund KKR early in 2019 that was an attempt to jump-start the sale process for Viridor.

Now, banks Morgan Stanley and Barclays have been appointed to run the process at a valuation for Viridor of GBP4 billion, the newspaper said.

https://www.telegraph.co.uk/business/2020/01/11/us-private-equity-firm-kkr-makes-surprise-4bn-bid-viridor/

Pennon shares were up 9.5% at 1,103.02 pence, the second best performer in the FTSE 250 on Monday, giving the entire company a GBP4.64 billion market capitalisation.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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(Sharecast News) - RBC Capital Markets upgraded both Pennon and Severn Trent on Tuesday to 'outperform' from 'sector perform'.

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UK watchdog fines 11 water firms for missing targets

(Alliance News) - UK households are to see almost GBP150 million taken off their water bills after 11 water suppliers have been hit by fines, regulator Ofwat has announced.

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30 Sep 2022 11:37

Water utility Pennon expects power costs to almost double this year

Sees annual power costs nearly doubling

*

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30 Sep 2022 11:24

Pennon trades in line with expectations despite macro worries

(Alliance News) - Water utility Pennon Group PLC said it traded in line with expectations in the first half ended September 30, despite tough macroeconomic conditions amid the cost of living crisis.

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Pennon Group trades in line during H1

(Sharecast News) - Water services company Pennon Group said on Friday that first-half trading was in line with expectations given the current "volatile" macroeconomic environment.

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