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The Latest Breaking News from Pennon

South West Water to reward customers who cut use with lower bills

‘Eco tariffs’ would not, however, be offered to those vulnerable customers already on lower, ‘social’ rates

The Guardian - UK

FTSE 100 Live: London house prices falling, index closes down 1.3% after late tumble, John Lewis chair to quit

Bets that US interest rates will stay higher for longer today continued to weigh on stock market sentiment.

Evening Standard

Pennon invests in three new renewable energy generation projects

The Exeter-based utilities group is the parent firm for South West Water and Bristol Water

Birmingham Post

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Pennon records 88 per cent drop in profit in annual results

The Exeter-based utilities group attributed the drop to the rising costs of energy

Birmingham Post

South West Water under investigation over leaks and usage figures

Shares in owner Pennon Group fall as it says Ofwat has launched inquiry into South West Water

The Guardian - UK

South West Water to be investigated by regulator

South West Water is owned by Exeter-based Pennon Group

Birmingham Post

UK growth forecast upgraded by IMF; Bank of England governor says ‘big lessons to learn’ after inflation shock – as it happened

New IMF report shows “a big upgrade to the UK’s growth forecast” says Jeremy Hunt, with UK expected to grow by 0.4% this year not shrink by 0.3%

The Guardian - UK

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Pennon completes South West Water and Bristol Water merger and is 'on track' with financial expectations

The Exeter-based utilities group added water resilience work was 'progressing well'

Birmingham Post

Pennon tops FTSE Women Leaders Review for second year

An independent report found more than half of the Exeter-based utilities group’s board members are women

Birmingham Post

Bristol Water to give customers money off their bill or shares amid cost-of-living crisis

The scheme first launched in 2020 but is now being extended to hundreds of thousands of households in Bristol

Bristol Post

Pennon opens second share scheme to Bristol Water customers

The FTSE-250 firm first launched the initiative in 2020 and has now extended it to households in Bristol

Birmingham Post

Revealed: more than 70% of English water industry is in foreign ownership

Guardian unpicks complex web of investment firms, wealth funds and tax haven-based businesses that own most of sector

The Guardian - UK

Pennon profits slump as power costs double amid energy crisis

The Exeter-based parent firm of South West Water and Bristol Water has also announced a huge recruitment drive

Birmingham Post

Pennon appoints execs from The Restaurant Group and Post Holdings to board

The FTSE utilities firm has added directors from the restaurant group that owns the Wagamama chain and from PR giant FGS Global to its senior leadership team

Birmingham Post

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Birmingham Post

South West Water latest supplier to be probed by Ofwat over sewage treatment

South West Water adds to a growing list of water suppliers to come under investigation.

Birmingham Post

Why we must value mental wellbeing on a par with physical health

Rich Rogers, Health and Safety Director at Pennon, reflects on whether businesses are providing employees with the support they need at work and in their personal lives

The Guardian - UK

Five out of six top jobs at FTSE water firms to be held by women

Louise Beardmore appointed chief executive at United Utilities, joining female chairs and CEOs of Pennon and Severn Trent

Birmingham Post

Pennon vows to go ahead with bill cut despite mounting energy costs

Parent firm of South West Water says it is facing challenges with geopolitics hiking prices but targets £20m synergies from Bristol Water merger

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Birmingham Post

Competition watchdog clears Pennon's merger with Bristol Water

Bristol customers promised lower bills and membership of Pennon's share scheme after CMA approved £425m takeover

Birmingham Post

Apprenticeships are about more than skills - they mean social mobility and new ideas

There has to be more than one way into skilled work with decent wages and apprenticeships are it, says Adele Barker, Group Chief People Officer, Pennon

Birmingham Post

Pennon begins fourth phase of £400m share buy-back programme

South West Water's parent company aims to buy up to £50m of its own shares before March after already spending £150m

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