Southwest heads in the right direction
- From: Vol 10, Issue 2 (February 2009)
- Category: General
- Country: China, France, United Kingdom and United States
- Related Companies: Agbar, American States Water, American Water, Asia Water Technology, Basin Water, Beijing Capital Group, Bio-Treat Technology, Copasa, Darco, Energy Recovery Inc, ePure International, Insituform, ITT, Keppel Corp, Kurita Water Industries, Millipore, Nalco, Pennichuck Water, Pennon, Qianjiang Water Resources, Sabesp, Severn Trent, Sinomem Technology, Southwest Water, Suez, Thai Tap Water Supply, Tianjin Capital Environmental Co, United Utilities and Veolia Environnement (formerly Vivendi Environnement)
The resolution of a long-running legal dispute sent Southwest Water’s share price soaring this month. The sudden departure of Veolia’s CFO, meanwhile, ups the ante ahead of the company’s results announcement on 6th March.
The GWI Global Water Index dipped by 2.75% in the month to 10th February, but still succeeded in outperforming all the major stock indices. China came out on top, as all three Chinese stocks tracked by GWI rose by between 20% and 40% (see Best Performers, opposite), as details of the government’s RMB4 trillion stimulus package gradually became ...
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