(Alliance News) - The UK water-sector regulator on Thursday put forward a spending proposal which AJ Bell Investment Director Russ Mould viewed as firm but negotiable. Read More
(Alliance News) - Stock prices in London were mixed going into Thursday afternoon, as investors nervously wait for a key US inflation reading. Read More
(Alliance News) - The UK water-sector regulator on Thursday put forward a proposal that will see household water bills increase on average by GBP19 annually, in addition to inflation, over the next five years. Read More
(Alliance News) - Stock prices in London opened mixed on Thursday, as investors look ahead to a key US inflation reading following the end of US Federal Reserve President Jerome Powell's two day testimony. Read More
(Alliance News) - Stocks in London are called to open higher on Thursday, ahead of a key inflation reading from the US. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - Pennon Group PLC on Friday said the UK Competition & Markets Authority cleared a merger after mitigation proposals were put forward by the water company. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
Pennon Group PLC - Exeter, England-based water utility - Hires David Sproul to be chair, joining the board on July 1 and taking over as chair from Gill Rider after the company's annual general meeting on July 24. Sproul currently is chair of digital-only lender Starling Bank. As an executive, he was global deputy chief executive officer of accountants Deloitte. Sproul will be paid GBP250,000 per year, in line with what Rider was paid. The appointment comes as the UK's water companies are under political pressure over releases of sewage into waterways. A consultation on draft pricing decisions for the water sector was pushed back by regulator Ofwat until July 11, after the July 4 general election, having originally been scheduled to be out this week. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - Stock prices in London closed mixed on Friday, with the FTSE 100 finishing lower, but smaller indices ending in the green. Read More
(Alliance News) - The water regulator Ofwat on Friday said the publication of the consultation on its draft price control determinations for the water sector will be delayed until after the upcoming UK general election. Read More
(Alliance News) - Pennon Group PLC on Tuesday reported an increased loss but a higher dividend, as the UK Competition & Markets Authority opened public consultations relating to the firm's takeover of Sutton & East Surrey Water. Read More
Pennon Group PLC - Exeter, England-based water utility - The UK Competition & Markets Authority sees "reasonable grounds" to clear Pennon's acquisition of Sutton & East Surrey Group Holdings Ltd, formerly named Sumisho Osaka Gas Water UK Ltd. Pennon agreed to the deal, which has an enterprise value of GBP380 million including debt, in January. The CMA launched a phase 1 merger inquiry into the deal in March and earlier this month said the deal could face a deeper investigation should "acceptable" undertakings not be made by Pennon. On Tuesday, the competition regulator says Pennon has offered to provide reporting for Sutton & East Surrey Water separate from the rest of Pennon. This could address the CMA's concern that the merger will harm water regulator Ofwat's ability to make comparisons between water utilities. The CMA now has until July 16 to decide whether or not to accept Pennon's undertakings. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Friday: Read More
(Alliance News) - The UK's competition watchdog on Friday warned Pennon Group PLC that its planned acquisition of Sumisho Osaka Gas Water UK Ltd could face a deeper investigation should "acceptable" undertakings not be made. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More