South West Water parent company Pennon Group is leaving the FTSE 100 in a rebalancing of the index, to be replaced by leisure travel company Tui Travel.
Pennon, whose shares have fallen 13 per cent this year, will now enter the FTSE 250 Index after a quarterly review approved by the independent FTSE Europe, Middle East and Africa Regional (EMEA) Committee. The change will come into force on 24 December.
The rules-driven reviews ensure the indices continue to portray an accurate reflection of the market they represent, and form an essential component to the management of the indices.
Pennon Group also owns waste management company Viridor, which has recently suffered profit losses. However, these have been offset by profit rises for South West Water.
Two publicly traded water utilities remain in the FTSE 100: Severn Trent and United Utilities.
ABB has launched AquaMaster+™, a digital platform for smart water network management, designed to help water utilities monitor, analyze and manage their water networks, preventing pipeline water losses and optimizing operations.
Craig Nienaber, Business Development Manager for Safe Access Solutions (SAS) at HUBER Technology, explores why the company is seeing a growing level of interest in its safe access solutions for critical infrastructure providers, including their application in wastewater treatment assets.
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development.
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality.
Southern Water has released film and images showing what it’s like to walk inside Hampshire’s expanded Yew Hill underground reservoir for the very last time, before it gets filled with water.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.