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Pennon shares rise despite profit warning as storm costs and sewage penalties bite

Shares in Pennon Group PLC (LSE:PNN, OTC:PEGRY) rose 3.4% to 553.5p on Tueaday morning despite the owner of South West Water saying full-year profitability would come in at the lower end of market expectations. The FTSE 250 water company said exceptional rainfall and storm-related disruption have pushed up costs.

Proactive Investors • Mar 10, 2026

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