Pennon Share News (PNN)

Ofwat increases ACTS costs allowance in business retail price caps

(Alliance News) - Ofwat on Thursday said it increased the amount of allowed costs to serve, or ACTS, for water companies in its latest set of business retail price caps.

LONDON BROKER RATINGS: Oddo BHF and Deutsche Bank cut easyJet

(Alliance News) - The following London-listed shares received analyst recommendations on Monday afternoon and Tuesday morning:

Water companies 'falling short' of expectations - Ofwat

(Sharecast News) - Water companies need to take urgent action to reduce pollution and improve customer service, the regulator warned on Tuesday.

Ofwat slams water cos over dividend payments, poor performance

(Sharecast News) - The UK's water regulator has slammed some of the country's major providers over the size of dividend payments relative to their financial and operational performance.

LONDON MARKET CLOSE: Strong US services reading unnerves investors

(Alliance News) - European equities declined on Tuesday, with a bullish reading of the US services sector at the start of the week knocking investor confidence and possibly muddying the picture for the US Federal Reserve.

JPMorgan downgrades United Utilities

(Sharecast News) - JPMorgan Cazenove downgraded United Utilities on Tuesday as it took a look at the UK water sector.

LONDON BROKER RATINGS: JPMorgan cuts Lloyds but raises Barclays

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

LONDON MARKET OPEN: Lower open in Europe as US Fed hike fears return

(Alliance News) - European markets got off to a lacklustre start on Tuesday, as concern about bigger-than-expected interest rate hikes from the US Federal Reserve resurfaced.

LONDON BRIEFING: Ashtead raises annual guidance after strong half

(Alliance News) - Stock prices in London were called to open lower on Tuesday, following a weak New York close, as some strong US data stoked interest rate hike fears.

Pennon half-year profit falls on cost pressure but raises dividend 11%

(Alliance News) - Pennon Group PLC on Wednesday said half-year profit fell sharply despite higher revenue, amid high cost inflation, but it still declared an increased dividend to shareholders.

LONDON MARKET OPEN: Stocks up; eyes on EU inflation, Fed Chair Powell

(Alliance News) - Share prices in London rose at the open on Wednesday, ahead of a flash inflation reading from the EU and a keenly awaited talk by the head of the US Federal Reserve.

Interim profits tumble at Pennon as costs mount

(Sharecast News) - Utility Pennon Group said on Wednesday that half-year profits tumbled after it was hit by higher costs.

UK earnings, trading statements calendar - next 7 days

Pennon warns of GBP10 million hit from "Stop the Drop" scheme

(Alliance News) - Pennon Group PLC on Friday warned of a GBP10 million hit to revenue, after its South West Water business launched its "Stop to Drop" scheme.

LONDON BROKER RATINGS: Mondi and Smurfit Kappa raised, DS Smith cut

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: