Pennon expects draft regulator decision on business plan in April

07:19 25/03/2019
StockMarketWire.com - Water utility Pennon Group said it expected British regulators to release a draft determination on a five-year business plan on 11 April.

A final determination for the 2020-to-2025 plan was then expected by December, the company said.

Pennon also said that its underlying performance for the year through March was in line with expectations.

'We remain confident in the UK residual waste sector fundamentals, with further capacity essential to meet longer term demand,' it said.

'With our clear strategy of focusing on the UK water and waste market, supported by a strong balance sheet, Pennon is well-placed to continue to deliver for customers, communities and shareholders.'

Pennon said its South West Water asset continued to deliver strong operational and financial performance, with a focus on efficiency and customer service.

Return on regulated equity was on track for consistent continued outperformance in 2018/19, it added, with an expected cumulative rate of 11.8%.



Story provided by StockMarketWire.com

Forex

Commodities

What the Papers Say

telegraph financial times daily mail daily express independent times
13:27 Cyprus garners strong demand for debut...
source: FT.com
13:19 FirstFT: Today’s top stories 
source: FT.com
13:15 Lex letter from Seoul: Starbucks’...
source: FT.com
13:09 Disney heiress steps up campaign over...
source: FT.com
13:07 UK deficit hits 17-year low; Bank of...
source: The Guardian
13:04 Pivot to data and technology helps Nasdaq...
source: FT.com
12:58 Boeing revenues hit by more than $1bn by...
source: FT.com
12:58 Boeing results reveal powerful blow from...
source: FT.com
12:54 AT&T revenues miss as it loses TV and...
source: FT.com
12:51 Names in the frame to be Bank of England...
source: The Guardian
[more ...]