Handing a new chief executive £3.7 billion spending money is always a bit of a risk. Say they decide to do some big deal. So investors will probably greet the latest from new Pennon boss Susan Davy with relief. She’s only been in charge of the South West Water owner for ten months, even if that followed a five-year stint as finance chief. That big disposal left Pennon drowning in cash, prompting reports that it could have a

Source: The Times June 03, 2021 23:01 UTC