0921 GMT - Pennon Group's financial performance for fiscal 2025 remains in line with expectations, Barclays's analysts write in a note. The U.K. water utility company's net loss for the year should be driven in part by restructuring costs and higher interest payments, the analysts write. Pennon has guided for around 36 million pounds of restructuring costs, ahead of the 32 million pounds the analysts had expected. Pennon is expected to report earning before interest, taxes, depreciation and amortization of around 353 million pounds after it warned earnings for the second half of the year would be broadly flat, the analysts write. Shares trade down 2.9% at 439.80 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 05:21 ET (09:21 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.