Pennon Group (PNN)

Sector:

Utilities

Index:

FTSE 250

1,011.00p
   
  • Change Today:
    -21.00p
  • 52 Week High: 1,321.00
  • 52 Week Low: 992.00
  • Currency: UK Pounds
  • Shares Issued: 264.84m
  • Volume: 1,159,872
  • Market Cap: £2,677.55m
  • RiskGrade: 123

CMA partly clears Pennon's acquisition of Bristol Water

By Iain Gilbert

Date: Friday 05 Nov 2021

LONDON (ShareCast) - (Sharecast News) - The Competition and Markets Authority said on Friday that it does not intend to further review Pennon Group's acquisition of Bristol Water Holdings under the Enterprise Act 2002, stating the deal would not lead to a lessening of competition, based on information currently available to it.
However, the UK watchdog did note it was still mulling over whether or not it should refer the deal for a phase 2 investigation under the Water Industry Act 1991.

Back in October, the CMA vowed to look into the deal in order to see if it would prejudice the UK water regulator Ofwat's ability to make comparisons between water enterprises.

The CMA set itself a deadline of 22 December for its phase 1 decision.

Pennon originally announced the deal in June, with the group purchasing snapping up Bristol Water for an equity value of £425.0m and an enterprise value of £814.0m, including assumed debt.

As of 0845 GMT, Pennon shares were up 0.85% at 1,210.22p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Pennon Market Data

Currency UK Pounds
Share Price 1,011.00p
Change Today -21.00p
% Change -2.03 %
52 Week High 1,321.00
52 Week Low 992.00
Volume 1,159,872
Shares Issued 264.84m
Market Cap £2,677.55m
RiskGrade 123

Pennon Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.71% above the market average44.71% above the market average44.71% above the market average44.71% above the market average44.71% above the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
44.08% below the market average44.08% below the market average44.08% below the market average44.08% below the market average44.08% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income
16.78% below the market average16.78% below the market average16.78% below the market average16.78% below the market average16.78% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Growth
95.06% below the market average95.06% below the market average95.06% below the market average95.06% below the market average95.06% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 4
Sell 0
Strong Sell 2
Total 10
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pennon Dividends

  Latest Previous
  Interim Final
Ex-Div 27-Jan-22 22-Jul-21
Paid 05-Apr-22 02-Sep-21
Amount 11.70p 14.97p

Trades for 27-May-2022

Time Volume / Share Price
17:23 15,683 @ 1,023.51p
17:23 13,680 @ 1,023.92p
17:23 13,971 @ 1,012.24p
16:35 632,915 @ 1,011.00p
16:29 1 @ 1,006.00p

Pennon Key Personnel

Chair Gill Rider
CEO Susan Davy

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