Pennon loses its appeal for Woodford
- From: Vol 12, Issue 11 (November 2011)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Invesco Perpetual, Northumbian Water, Ofwat, Pennon, Severn Trent, South West Water and United Utilities
The fund manager has liquidated EIT’s position in the water/waste specialist.
Invesco Perpetual’s Neil Woodford has sold his Edinburgh Investment Trust vehicle’s shares in Pennon Group, following his disposal of holdings in Severn Trent, United Utilities and Northumbrian Water over the past year.
As with the previous sales, Woodford attributed the move to the actions of industry regulator Ofwat, which he told his investors would prevent Pennon’s water ...
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