Pennon puts case against demerger (Page 20)
Pennon has maintained that there is still no clear rationale to separate its water and waste management operation. David Dupont, the group’s finance director, said “fundamentally they are both utility infrastructure businesses”. Viridor has called for a liberalisation of UK planning laws to allow construction of more “energy from waste plants”.
Regal shares leap following takeover talk (Page 20)
Shares in Regal Petroleum, the Ukraine focused oil and gas company, surged after takeover approaches by unnamed suitors.