Equities exodus continues in UK water sector
- From: Vol 12, Issue 2 (February 2011)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Northumbrian Water and Ofwat
The dumping of Invesco’s stake in Northumbrian Water has added fresh impetus to a troubling new trend. Where will it all end?
Publicly quoted UK water firms would have to pay heavily to raise additional equity in the present climate, a leading institutional investor told industry executives and analysts this month.
Jonathan Barber, director and fund manager in the UK equities team at Threadneedle, said he would need a “materially bigger” annual return than the 7.1% that the industry regulator Ofwat ...
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