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BUZZ-Pennon Group: falters again near all-time highs

Reuters - UK Focus

Pennon Group (Other OTC: PEGRF - news) among the worst performers on the European mid-cap index as stock takes a tumble from near its life high for the third time in the past year.

** Reports 9 percent rise in full-year pretax profit to 207.3 million pounds ($347.4 million), beating analyst estimates, after tariff increases.

** Hurdle at stock's life high around 797 pence proves tough to cross.

** Company generated 59% of its revenue in 2013 from its waste management business, says will focus on energy-from-waste (EFW) projects.

** Pricing and margins at landfill business. (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)