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Pennon Group Sees Net Revenue Impact Of £10 Mln In 2020/21 Due To COVID-19
Pennon Group Says CEO Chris Loughlin And Chairman John Parker Will Not Seek Re-Election
Pennon Posts FY Group & Viridor Underlying PBT Of £287.6 Mln And Continuing PBT Of £183 Mln
Pennon Group Plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited and Bournemouth Water Limited. The Company is engaged in the water and wastewater businesses. Its water business comprises the regulated water and wastewater services undertaken by South West Water Limited and the regulated water services undertaken by Bournemouth Water Limited. South West Water Limited is engaged in providing water and wastewater services for Devon, Cornwall and parts of Dorset and Somerset. Bournemouth Water Limited is engaged in providing the water services for parts of Dorset, Hampshire and Wiltshire.
Peninsula House, Rydon Lane
Gill Ann Rider
Independent Non-Executive Chairman of the Board
Susan Jane Davy
Chief Executive Officer
Paul Michael Boote
Simon A F Pugsley
Group General Counsel, Company Secretary
Managing Director of Viridor
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* FY GROUP AND VIRIDOR UNDERLYING PRETAX PROFIT ROSE 2.6 PERCENT TO 287.6 MILLION STG
* PENNON GROUP PLC - GROUP PERFORMANCE FOR 2019/20 IN-LINE WITH MANAGEMENT EXPECTATIONS
UK's Pennon Group said on Wednesday it would sell its waste management business to private equity firm KKR & Co Inc in a 4.2 billion pounds ($4.95 billion) deal, as it seeks to reduce debt and focus on its water division.
Utility firm Pennon Group <PNN.L> said on Wednesday it has agreed to sell its waste management business, Viridor, to U.S. private equity firm KKR & Co Inc <KKR.N> for 4.2 billion pounds ($4.95 billion), including debt.
** Shares of utility company Pennon Group hit record high after report that KKR submitted a bid for Pennon's waste management arm, Viridor
Pennon <PNN.L> said on Monday a previously announced review into its strategic focus was ongoing and all options were being considered in response to a report that KKR <KKR.N> had made a bid for the British water utility's waste management business.
** Shares of utility company Pennon Group up 6.7% at 1,073p; among top gainers on London's midcap index
Pennon Group reported an 8.3% jump in full-year earnings on Thursday, as strong performance by its waste recycling unit helped the British water utility and waste management company offset higher costs at its South West Water business.
Pennon Group reported an 8.3% jump in full-year earnings on Thursday, as strong performance by its waste recycling unit helped the UK water utility and waste management company offset higher costs at its South West Water business.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.