(Alliance News) - Pennon Group PLC on Wednesday announced a heavily discounted rights issue and said it was cutting its dividend as it outlined increased investment plans aimed at improving performance. Read More
(Alliance News) - Shell reports a strong rise in refining margins, IMI has set out an acquisition and Metlen is eyeing a possible Athens listing plan for a unit. Elsewhere, Pennon has upped its investment aim, part-funded by a rights issue and dividend cut. Read More
(Alliance News) - Stock prices in Europe opened higher on Wednesday, with London's FTSE 100 supported by miners, before focus turns to US data in the afternoon. Read More
(Alliance News) - The prime minster has unveiled plans for new laws to pave the way for public ownership of failing water firms, and vowed a 10-year path to a "very different water system" in the UK. Read More
(Alliance News) - United Utilities Group PLC and Pennon Group PLC on Thursday said they welcomed the UK water regulator's decision to allow providers to further increase bills. Read More
(Alliance News) - UK Prime Minister Andy Burnham has warned water companies against treating customers like "a blank cheque" after the regulator provisionally allowed them to unexpectedly further raise bills. Read More
(Alliance News) - Stricken Thames Water is among five water firms given the provisional go-ahead by the industry watchdog to hike bills further as part of plans allowing suppliers to spend an extra GBP3.39 billion, below the GBP4.29 billion the companies had requested. Read More
(Alliance News) - Kier Group PLC on Friday said it has signed a GBP140 million contract extension with South West Water Ltd, a subsidiary of Pennon Group PLC. Read More
