All going swimmingly for water group Pennon. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. FT leader writers will be spitting out their Evian: privatised water company Pennon has just announced that all is going swimmingly, as usual.Only last week, the newspaper listed everything that is wrong with Britain’s privately owned water industry:“Prices have risen faster than inflation. The regulator has been ineffective at imposing efficiency improvements… the requirement to increase efficiency by 1 per cent a year is unconscionably slack. … The nine English water companies have been endlessly restructured. Six have been taken off the stock market and are now in the hands of international private equity
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All going swimmingly for water group Pennon. FT Opening Quote, with commentary by...