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Mixed results for London-listed water tech companies

The interim results season was in full flow for smaller London-listed water technology companies this week, with some wild share price swings evident.

This morning’s 11% drop in the share price of water-saving solutions provider Xeros partly reflects investors’ impatience at the company’s protracted journey towards positive EBITDA – coupled with...

The real cost of maintaining a perfect track record

US contract operations firm Utility Partners has maintained its 100% contract retention rate since being acquired by H2O Innovation just over two years ago, albeit after negotiating reduced fees on both its most recent renewals.

In Gulfport, Mississippi, the company extended its existing $7 million-a-year water and wastewater operating contract by a further two years,...

Macquarie commits $500m to oilfield water outfit

In what is one of the largest single private equity commitments to the US oilfield water midstream market to date, investment firm Macquarie Infrastructure Partners announced this week that it will commit up to $500 million to Oklahoma water midstream outfit Lagoon Water Solutions.

The investment will support the build-out of oilfield water infrastructure to serve...

Drought-hit Iraq pushes for ‘nightmare’ desal plant

The chief of staff at the Iraqi prime minister’s office has urged Japanese companies to speed up work on the desalination plant intended to provide water to the southern province of Basra, which is witnessing ongoing protests over pressing drought conditions and a lack of water.

The letter from Mahdi al-Aalaq to the Japanese embassy refers to the 199,000m3/d Basra...

UK water shares marked down on AMP7 business plans

Shares in the remaining listed UK water groups – United Utilities, Severn Trent, and Pennon – fell by more than 2% after all companies in the sector published their business plans for 2020-2025 on Monday.

The main focus of the plans – real cuts in household bills, ramping up efforts to reduce leakage, and scaling back dividends – offered little...

Brookfield puts Australian micro-utility up for sale

Brookfield Infrastructure is understood to have put Australian micro-utility Flow Systems up for sale, five years after it took a 51% stake in the business, which supplies drinking water, wastewater, recycled water, and energy services to small communities.

By securing licences to operate as a private owner and operator of utility infrastructure, Flow Systems has built...