Tough times continue for Pennon's Viridor unit

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.

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.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.