Pennon Group – A Busy Summer Ahead
Pennon Group plc (LON:PNN) (OTCMKTS:PEGRF) today released a trading update showing the group is on track to meet expectations for the current year to Mar 31st.Q4 2020 hedge fund letters, conferences and more The group sees real returns on regulated equity doubling from their base level of 3.9%.Customer bad debts caused by the pandemic have not worsened beyond earlier expectations.So far, the group has used proceeds from the £3.7bn disposal of Viridor to reduce debts, leaving Pennon with significant financial firepower.Pennon Group Fails To Clarify How It Will Reinvest Viridor ProceedsCommentin...