South West Water owner taps investors to fix infrastructure after sewage spills
Pennon slashes dividend and launches £550m cash call ‘to drive improved outcomes for customers and communities’ The owner of embattled South West Water has slashed its dividend and launched a cash call to investors as it attempts to fund infrastructure investment, days after it was hit by a record £7.9m fine for hundreds of sewage spills.
London-listed Pennon said on Wednesday it would tap investors for £550m, as part of a £1bn investment “to drive improved outcomes for customers and communities”.
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The GuardianSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-08. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.