Pennon
Article Abstract:
Pennon is a United Kingdom water company that offers investors the security of an activity involving an essential product at a time when there is concern about a world economic slowdown. The company is also exposed to non-regulated businesses such as waste management, real estate, construction services and environmental instruments, and is developing a landfill bank. The company has a lower dividend yield than average for the sector, but higher than for the market in general. Pennon offers a safe holding with prspects of steady growth.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Severn Trent
Article Abstract:
Severn Trent was prevented from taking over South West Water by the president of the UK Board of Trade, Ian Lang, but has since seen a rise in its share price. The company is carrying out a share buyback affecting 10% of Severn Trent's shares. The company is giving a rebate worth 6.50 pounds sterling to customers. Biffa, Severn Trent's waste management group, is performing well with a 13% rise in operating profit for the six months to Sep 1996, while operating profit from water was up by 2.2% in this period.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Severn Trent's fundamental appeal: Severn Trent offers an attractive combination of a high yield, strong dividend cover and enormous financial strength. They outweigh the political risks
Article Abstract:
Severn Trent, a water company, offered a packag of customer and shareholder benefits such as cash rebates on bills and extra dividends for shareholders. The group has been able to introduce lower customer tariffs due to its efficiency gains and further cost savings will be made with the loss of 750 administrative jobs. Biffa, which it acquired in 1991, has never covered its financing costs, although its operating profit rose 23% in 1994-95, in spite of competition in the waste industry.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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