All timelines
CompaniesUnited Kingdom
South West Water owner Pennon seeks £550m from investors and plans a dividend cut to fund an overhaul
Summary
Pennon, the owner of South West Water, is tapping investors for £550 million through a rights issue and plans a dividend cut amid an overhaul plan. Chief executive Keith Haslett said the rights issue would help support plans for around an extra £1 billion of investment.
Latest: Pennon, the owner of South West Water, plans a £550 million rights issue and a dividend cut to help fund around an extra £1 billion of investment.
Written automatically by an AI from the articles' headlines and descriptions. It can contain errors: follow the links to read the articles.
How it unfolded
Wednesday 7 October
Pennon, the owner of South West Water, plans a £550 million rights issue and a dividend cut to help fund around an extra £1 billion of investment.
- 04:34Evening StandardSouth West Water owner Pennon calls on investors to help fund overhaul
- 04:34The IndependentSouth West Water owner Pennon calls on investors to help fund overhaul
- 02:50The IndependentEmbattled South West Water owner taps investors for £550m amid overhaul plan
- 02:42Evening StandardEmbattled South West Water owner taps investors for £550m amid overhaul plan