Pennon Group said trading since the end of March has been in line with management expectations, with the water operations going well and the waste management arm battling tough market conditions.
South West Water is continuing its strong performance against the 2010-2015 regulatory contract and is well placed to outperform the assumptions contained therein, Pennon said. In preparation for the next industry price review South West Water has already rolled out its initial phases of customer engagement and work is under way to determine investment scenarios for the next period.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
JH
-
Undervalued Asian stocks that can be the “winners of tomorrow”Opinion Nitin Bajaj, portfolio manager of Fidelity Asian Values Trust, highlights three investment opportunities across Asia
-
How dinosaur fossils became collectables for the mega-richDinosaur fossils are prized like blue-chip artworks and are even accelerating past the prices of many Old Masters paintings, says Chris Carter
