Winners and losers in 2004

The quoted water sector recovered in 2003, but big water was left behind.

As a whole, the global water industry showed marked improvement during 2003, with share prices in the sector rising by an unweighted average of 22%. This reflects gains made by wider market indices. In the US, the Dow Jones Industrial Average finished 2003 with a gain of more than 2,000 points, or 25%, while the NASDAQ Composite rocketed up ...

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