Modern Water secures major new Middle East, Africa deal
28th Jan 2016 15:46
(ShareCast News) - Modern Water's technology was set for new, widespread deployment across much of the water industry in the Middle East and Africa on Thursday, with the signing of a new agreement with Bilfinger Deutsche Babcock Middle East. The AIM-traded water and waste-water treatment technology
Read moreModern Water delivers largest order of monitoring equipment
16th Nov 2015 08:15
(ShareCast News) - Modern Water has delivered its single largest order of monitoring equipment. The AIM-listed water production and monitoring company announced the order on Monday. It said the order was for a purpose-built containerised trace metal monitoring system in the Middle East for an unnam
Read moreOperating losses reduced marginally at Modern Water
16th Sep 2015 15:30
(ShareCast News) - A reorganisation, some cost cutting, and an increase in monitoring revenue has led to Modern Water fractionally reducing its operating loss from £2.45m to £2.22m for the six months to 30 June. The water monitoring solutions company has increased revenue in its monitoring division
Read moreModern Water sinks 14% due to China contract slowdown
11th Mar 2015 10:55
Shares in Modern Water sank 14% after reporting wider losses and a slowdown in its key Chinese market. The producer of water filtration, desalination and quality monitoring said China saw its weakest growth in 24 years in 2014 as contract negotiations were taking longer than expected. Revenues fell
Read moreNew Serco CEO Soames marks arrival with large share purchase
6th May 2014 15:51
Rupert Soames, who last week took up the role of Chief Executive Officer at embattled Serco Group, has given a show of faith in his own leadership - and taken advantage of the latest dip in its share price - with the purchase of 242,000 shares at 354.30p a share. The £857,406 deal gives a show of f
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moreTravis Perkins CEO sells 50,000 shares ahead of next year's departure
18th Oct 2013 16:32
The wife of the out-going Chief Executive of Travis Perkins on Thursday sold 50,000 shares on the same day the FTSE 100 builders merchant reported 'encouraging' sales momentum in the third quarter despite challenging conditions in retail markets. The transaction reduced Geoff Cooper's stake in the
Read moreModern Water sells first trace metal monitoring equipment
23rd Apr 2013 11:20
AIM-listed Modern Water, the owner of water technologies for the production of fresh water, has secured its first sales of trace metal analysers in Scandinavia. The company said that an order for its OVA on-line water monitoring product had been received from Tekniska Verken Power Plant, a Swedis
Read moreModern Water reveals stream of annual revenues
13th Mar 2013 08:39
Modern Water saw 2012 revenues overflow as the desalination plant company expanded operations and won new contracts. Total annual revenues more than tripled, climbing to £3.8m from £1.2m in 2011. During the period the company provided its modern water technology Microtox to the London Olympics an
Read moreModern Water places 20m shares to raise funds for membrane division
12th Feb 2013 14:50
Modern Water, a water purifying and monitoring technology company, has placed 20m new ordinary shares with both new and existing shares at 50p each. The placing has raised £9.5m after expenses, which will be use to pursue opportunities identified by its membrane division to commercialise its Forwar
Read moreModern water rockets higher on China agreement
4th Dec 2012 09:27
Modern Water, a water purifying and monitoring technology company, has signed a 'Framework Agreement' with Hangzhou Development Center of Water Treatment Technology (Hangzhou Water) for China, sending the shares up in early morning trade. Details of the deal were sketchy but the partnership allows
Read moreThursday tips round-up: Millennium & Copthorne, Hargreaves Services, Quadrise
15th Sep 2011 06:31
Millennium & Copthorne hasn't had the easiest of rides in recent weeks. A glance at the company's interim management statement in early August doesn't go very far in explaining the slump. The update showed that pre-tax profits in the second quarter were up more than 90%. The company's strengths - an
Read moreModern Water whets investors' appetites
14th Sep 2011 09:54
Shares in Modern Water rose 5% after it presented a bullish outlook in its half year report, despite posting a pre-tax loss of £2.1m. The firm said winning the world's first commercial contract to build a desalination plant using its patented osmosis technology in Oman had been "a major breakthroug
Read moreDiageo finance boss tops up
7th Apr 2011 15:45
Diageo's finance boss Deirdre Mahlan has added to her stake in the Guinness brewer and spirits supplier, buying nearly £150,000 of shares. The American took 3,021 American Depositary Shares (ADS) in the company. An ADS, which is equivalent to four ordinary shares, is a dollar denominated share of
Read moreSmall caps round-up: Acal, Avation, Lonrho...
3rd Feb 2011 11:00
European technology group Acal's like-for-like sales have increased by 17% since September, driven by strong growth in its core electronics division. "Assuming no deterioration from current levels, we expect full year results to be ahead of our previous expectations," the group said. Profits at
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