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Xylem shares cool off, despite impressive Q1 numbers

Xylem shares were marked down more than 6% at one point yesterday, despite the NYSE-listed water technology and data analytics firm reporting in-line first-quarter results.

Revenues were up 7% organically on last year – to $1.2 billion – while earnings and guidance were broadly in line with analysts’ expectations. Somewhat perversely, however, this may...

New report advocates English water sector shake-up

Some drastic restructuring of the English UK water sector will be necessary to avoid the risk of serious droughts between now and 2050, warns a report out today from the National Infrastructure Commission.

The NIC recommends a twin-track approach to enhance the resilience of the national water network to the threat of future shortages – arising chiefly from...

EIB sustainability awareness bond breaks new ground

The European Investment Bank is looking to tie its water lending activities more specifically to the Sustainable Development Goals by issuing a first-of-its kind “Sustainability Awareness Bond” later this year.

The bank currently disburses around €1.5 billion in water funding every year, although an EIB official stressed that from an additionality...

‘Light-touch’ O&M could heighten risks for US cities

US contract operations firms are digesting an intriguing request for proposals put out by the City of Trenton (NJ) this week which seeks a firm to provide “operation and administration services” for the City’s water system over a three-year period.

The document follows last year’s decision to award a one-year optimisation contract to Veolia, but...

SJW rejects Cal Water’s advances as M&A stakes rise

California Water Service’s $1.9 billion bid for SJW Corp. marks the culmination of an unprecedented week of acquisition jockeying in the US regulated water sector.

After SJW’s CEO Eric Thornburg made what he thought was a slam-dunk bid for his old firm, Connecticut Water, he then faced a counter-bid for the asset from Eversource Energy, the owner of Aquarion...

Progress soon on 'game-changing' Saudi desal sale

The sale of Saudi Arabia’s Ras Al-Khair plant – the largest desalination facility in the world – has been identified by the Kingdom as one of three “game-changers” in a document outlining the future of the country’s vast privatisation programme.

The sale of the 1,025,000m3/d hybrid plant was picked out alongside the corporatisation of...