SpaceX IPO is the biggest IPO in stock market history. Join the conversation.Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFerguson Share News (FERG)

Share Price Information for Ferguson (FERG)

Share Price is delayed by 15 minutes
Get Live Data
16,990.00    250.00 (1.49%)
Bid:
17,020.00
Ask:
17,050.00
Spread: 30.00 (0.176%)
Market Cap: £32.95b
FERG Live PriceLast checked at - London Stock Exchange

Intraday Ferguson Share Chart

Water Intelligence patented system validated by maiden deployment

Mon, 10th Jun 2024 10:19

(Alliance News) - Water Intelligence PLC on Monday announced the successful deployment of its patented water management system marketed by subsidiary American Leak Detection.

The London-based provider of water infrastructure technology solutions said climate change and water shortages have significantly raised the cost of water loss. Customer therefore need a solution that moves water efficiently, protects against water loss, and reduces maintenance costs of ageing infrastructure.

Water Intelligence's latest water management system was designed to address such issues. It uses VersaLiner technology, which provides resistance from punctures, chemicals, and abrasion.

The solution's inventor, Ken Suazo, said: "VersaLiner performed above and beyond the design expectations, not only in ease of installation but in the performance in water delivery with efficient flow velocities and flow volumes with no measurable water losses.

"This open channel flow system will provide a practical, cost-effective solution in open channel flow for water conservation in agricultural applications as well as provide a robust solution for storm water management issues."

In October, ALD personnel worked with Ferguson LLC, the US arm of plumbing supplies firm Ferguson PLC, to deploy the solution in Avon, Colorado to rehabilitate a ditch on the Eagle River with results after six months validating the system.

Prior to deployment, the river fell short of a government allotted water right of 2 cubic feet per second to an agribusiness location.

"6.78 CFS of water was diverted from the Eagle River into the Nottingham-Puder lined ditch, and 6.59 CFS of water was delivered to the town at the end of the ditch in less than half an hour, resulting in water retention of 97.1%," Water Intelligence explained.

Water Intelligence shares were up 3.9% to 397.50 pence each in London on Monday morning.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Related News

TRADING UPDATES: Tortilla Mexican Grill acts to stem French losses
19 May 2026

TRADING UPDATES: Tortilla Mexican Grill acts to stem French losses

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

LONDON BROKER RATINGS: Exane BNP raises NatWest; RBC raises BP
11 May 2026

LONDON BROKER RATINGS: Exane BNP raises NatWest; RBC raises BP

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

LONDON BROKER RATINGS: Morgan Stanley 'equal-weight' on Standard Life
8 May 2026

LONDON BROKER RATINGS: Morgan Stanley 'equal-weight' on Standard Life

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

Ferguson News

LONDON BROKER RATINGS: Exane BNP raises NatWest; RBC raises BP
11 May 2026

LONDON BROKER RATINGS: Exane BNP raises NatWest; RBC raises BP

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

LONDON BROKER RATINGS: Morgan Stanley 'equal-weight' on Standard Life
8 May 2026

LONDON BROKER RATINGS: Morgan Stanley 'equal-weight' on Standard Life

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

Ferguson expects to outperform market as operating profit jumps
5 May 2026

Ferguson expects to outperform market as operating profit jumps

(Alliance News) - Ferguson Enterprises Inc on Tuesday announced a sharply higher first quarter operating profit, as the operating margin and net sales...

LONDON BROKER RATINGS: UBS, Goldman and Citi say 'buy' Lloyds Banking
30 Apr 2026

LONDON BROKER RATINGS: UBS, Goldman and Citi say 'buy' Lloyds Banking

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

LONDON BROKER RATINGS: RBC raises Berkeley; Berenberg raises BHP
2 Apr 2026

LONDON BROKER RATINGS: RBC raises Berkeley; Berenberg raises BHP

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Ferguson looks to continue "outperformance" after 2025 sales growth
24 Feb 2026

Ferguson looks to continue "outperformance" after 2025 sales growth

(Alliance News) - Ferguson Enterprises Inc on Tuesday reported steady sales growth in 2025 and confidence in the year ahead, despite softer demand fro...