Shares surge after New York rally
- From: Vol 3, Issue 11 (November 2002)
- Category: Performer of the month
- Region: Unspecified
- Country: France and Spain
- Related Companies: Consolidated Water, DesalCo, Electricidade de Portugal, Kelda, Ocean Conversion, Ondeo/Suez, Philadelphia Suburban, Severn Trent Water and Veolia Environnement (formerly Vivendi Environnement)
Share prices were up in October on the back of a modest market recovery.
Water company shares gained last month as global stock markets showed signs of a recovery. But the increases mask some underlying problems, not least at Suez which is still coming to terms with its currency losses in Argentina.
At face value, Suez and Vivendi Environnement (VE) started to recover from what was beginning to look like a perpetual slide. However ...
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