ON THE STOCK MARKET
- From: Vol 11, Issue 12 (December 2010)
- Category: Need to know
- Region: Unspecified
- Country: Australia, China, India and United Kingdom
- Related Companies: Powershares Water Resource Portfolio, Sumitomo, VA Tech (Wabag) and Water Resources Group
* The UK quoted water companies have been reporting their half-year results – and it hasn’t been a pretty sight.
Rising inf lation has added to the repayments due on their index-linked bonds, cutting deeply into profits (see story p8).
* VA Tech Wabag, which f loated on the Bombay Stock Exchange in September this year, has joined up with Sumitomo to bit for privately financed water projects in India (see story p22). Developing a balance sheet to invest in water ...
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