Profit warnings drag water index down
- From: Vol 11, Issue 2 (February 2010)
- Category: General
- Region: Unspecified
- Country: Canada, India, United Kingdom and United States
- Related Companies: 3M Purification Inc, American Water, Aqua America, Asia Environment Holdings, Beijing Capital Group, Bio-Treat Technology, Brite-Tech, Cadiz Inc, Calgon Carbon, Chembond Chemicals, Darco, Dayen Environmental, Energy Recovery Inc, GLV, H2O Innovation, ITT, Kurita Water Industries, Nalco, Northumbrian Water, Ofwat, Pizhou Water Holdings, Sabesp, Severn Trent, Shanghai Industrial Holdings, Sinomem Technology, Tetra Tech, Tianjin Capital Environmental Co and United Envirotech
Despite a robust performance from UK water stocks this month on the back of renewed M&A speculation, the GWI Water Index ended the period down 6.6%. A series of profit warnings did not help things.
Quoted global water stocks held up relatively well this month, as the GWI Water Index dropped by 6.6%, against an 8% fall in the dollardenominated MSCI World Index.
Only 13 out of 69 stocks rose in our index last month, including three out of the four listed UK regulated water companies. With Ofwat’s final determinations for the next ...
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