Pennon Group Needs to Clean Up Its Act to Boost Investor Sentiment -- Market Talk
Dow Jones
Jun 03, 2025
0805 GMT - Until Pennon cleans up its act on pollution, investor sentiment is likely to remain murky, Hargreaves Lansdown's Aarin Chiekrie writes. The U.K. water utility is investing heavily to upgrade its water network as public scrutiny grows, Chiekrie writes. While the investment weighs on earnings, it is expected to increase the group's asset base in the long run, he writes. This influences its revenue and therefore earnings power, he adds. Shares trade down 3% at 492.8 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
June 03, 2025 04:06 ET (08:06 GMT)
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