UK water shows slight improvement
- From: Vol 2, Issue 7 (July 2001)
- Category: Performer of the month
- Region: Europe
- Country: United Kingdom
- Related Companies: Artesian Resources, AWG, Bechtel, Ionics, Kelda, Morrison Construction, Osmonics, Pennon/South West Water, Scaltech, Severn Trent Water, United Utilities, Veolia Environnement (formerly Vivendi Environnement) and Yorkshire Water
The UK water industry showed some signs of improvement last month despite a lacklustre series of earnings reports. For the second month in a row, the FTSE water index outperformed wider market averages.
Although it started slowly, the water index finished the month up 3%, while the FTSE 100 dropped 2.7%. With the exception of Pennon Group, all the UK water companies posted positive gains.
Full year results, which came out over the course of June, proved just how much of a tough year 2000/01 has been for the UK water ...
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