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Veolia shines after sixth straight quarter of growth

Veolia shares outperformed a flat CAC40 index today on the back of an encouraging set of first-quarter results that saw revenues grow by 7% at constant exchange rates to €6.4 billion, while EBITDA rose by 5.3% to €876 million.

Topline growth was particularly impressive in Latin America (up 22.5% due to contract wins and price increases), Asia (up 21.1% on the...

Abu Dhabi looks into stormwater aquifer recharge

The Abu Dhabi City Municipality is investigating the possibility of using stormwater runoff to inject water into coastal aquifers, while at the same time countering the risks of flooding in the city.

The municipality is in talks with the Environment Agency – Abu Dhabi (EAD) over the issue, with the city’s drainage collection network set for major investment...

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...