Pennon Group: FTSE 250 water firm swings to loss after parasite scandal Pennon Group, the British utility firm which owns South West Water, swung to a loss in the latest financial year after struggles driven by the Brixham water supply scandal. The FTSE 250 company made a loss of £35.1m for the year, which the firm said was in line with management expectations. It marked a steep [...]
Pennon water flips to a loss after parasite outbreak Energy Losses at water company Pennon widened significantly as the group struggled to pay millions to fix a parasite outbreak that led to diarrhoea. Today, the South West Water owner said its underlying profit before tax had jumped from £19.1m in profit the first half of last year to £18.6m in losses. The results were in [...]
Pennon hands boss near £300,000 bonus despite pollution record Energy British water company Pennon has named David Sproul as chair designate, and he will succeed Gill Rider who will retire from the board next month, the firm said on Monday.
Mark Kleinman: A remix at Hipgnosis and accountancy drama April 25, 2024 Mark Kleinman gets the City talking with his weekly column