MWG.L Share News (MWG)

Modern Water Narrows Pretax Loss Even As Revenues Weaken 25%

Modern Water sells first trace metal monitoring equipment

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

Modern Water reveals stream of annual revenues

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

Modern Water places 20m shares to raise funds for membrane division

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

Modern water rockets higher on China agreement

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

Thursday tips round-up: Millennium & Copthorne, Hargreaves Services, Quadrise

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

Modern Water whets investors' appetites

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

Diageo finance boss tops up

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

Small caps round-up: Acal, Avation, Lonrho...

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

ITE executive raises £6.75m

Edward Strachan, an executive director of exhibitions organiser ITE, has raised £6.75m by selling more than half of his shareholding. Strachan has sold 3m shares at 225p each. The shares were owned by Kyzyl Tan Consultants, where Strachan is the majority shareholder. Strachan still owns 2.675m sha

ASOS boss raises £15m from share sale

Nick Robertson, the founder and chief executive of online fashion retailer ASOS, has raised just short of £15m from a share sale immediately after a first quarter trading update. Robertson sold just over 1.68m shares at 890p each. Prior to the start of the day that was near to the all-time high fo

Modern Water Agreement To Extend Al Khaluf Plant Trial

LONDON (Dow Jones)--Modern Water PLC (MWG.LN), an owner of leading water technologies focused on addressing the scarcity of fresh water and the treatment of waste water, Wednesday announced that it has agreed an extension to the trial of its desalination plant with the Omani Public Authority for Ele

Small caps round-up: Baobab Resources, Idatech, Bango...

Shares in Baobab Resources jumped after the Mozambique-focused metals explorer said it intersected 'significant widths' of magnetite-ilmenite mineralisation at the Chimbala prospect in the Tete region of the country. Fuel cell system firm IdaTech expects revenues for 2010 to be lower than expectati

Small caps round-up: 32Red, Alkane, Norseman...

Online casino operator 32Red enjoyed a "strong" recovery in the second half and said revenues increased 10% in January and February. Profit before tax fell to £530,186 in 2009 from £1.27m a year ago on revenue down 2% to £12.75m. The 32Red Casino business led the fight back, helping total second ha

Modern Water subsidiary reports first sales

Water technology group Modern Water's 76%-owned subsidiary Cymtox has received its first revenues from sales of water toxicity monitoring units in China. Cymtox's continuous toxicity monitor 'uses bacteria to monitor water and wastewater supplies for early signs of unwanted toxins, including metals