Minimally invasive water leak detection services provider Water Intelligence (WATR:AIM) increased first quarter revenues by 44% to $16.5 million and adjusted pre-tax profit by 16% to $2.1 million.However, one-off costs of around $400,000 related to salesforce training and implementation and flooding conditions in Australia, which limited service delivery, resulted in a 17% drop in reported pre-tax

Major UK shares closed higher on Monday, led by oil and banking stocks, as investors continued to bet on rising interest rates globally, while stronger commodity prices lifted mining shares.The benchmark FTSE 100 ended the day nearly 0.8% higher at 7,573.47, with global miners Anglo American (AAL) and Rio Tinto (RIO) providing a strong boost to the blue-chip index, despite Russian steel play Evraz

Major UK shares strengthened into lunchtime trading on Monday as investors looked past fears over hot inflation to focus on global recovery hopes.At midday, the benchmark FTSE 100 is trading up by around 0.3% at 7,538.24. Mid-caps also moved up, the FTSE 250 rising 0.35% to 21,789.98, although European market performance remains patchy, with the pan-European Euro Stoxx 50 is flat at 4,087.14.In th

UK stocks opened stronger on Monday and were continuing to hover just under multi-year highs touched in January, as investors looked past fears over hot inflation to focus on global recovery hopes.By 8:42 am, the FTSE 100 index was up 0.1% at 7,524.03 points, while the FTSE 250 traded 0.2% higher at 21,753.76.Miners were in demand, as an ongoing inflationary environment should be positive for meta

The argument for investing in the water sector is simple. Water is critical for both human life and commercial activity. Economic and business growth is contingent upon a steady stream of clean water.For these reasons water has been talked about as potentially the next big thing in terms of global investment trends for at least a decade.However a combination of the growing prominence of investing

The benchmark FTSE 100 toiled throughout the day to close lower with Wall Street failing to enliven investors.The blue-chip index finished 0.9% down at 7,100.88, with mid-caps also on the backfoot. The FTSE 250 lost 0.55% to 22,895.36.US shares failed to lift spirits, the Dow down 350 points, about 1%, to 34,436 at midday in New York. The Nasdaq started higher but has since fallen to a 57 point de

The benchmark FTSE 100 continued to drag its heals in early afternoon trading with little indication that the US open at 2.30pm UK time will enliven investors.At 12.30pm, the blue-chip index was trading 0.2% lower at 7,151.37, with mid-caps also struggling for momentum. The FTSE 250 drifted 0.1% down at a fraction over the 23,000 mark.US shares are set to open mostly lower after the long weekend 4

Shares in leak detection and remediation company Water Intelligence (WATR:AIM) jumped 6% to 922p after it signed a significant US national insurance contract.Today's announcement represents the fourth insurance contract win this year and the first where the company has been awarded 'preferred contractor' status.The broader designation means that the firm will have the right to handle all water lea

UK stocks were marginally lower on Tuesday as higher oil prices and a rally in the pound unnerved investors. At 8.30am the FTSE 100 index was down 10 points or 0.1% at 7,155 points with weakness in real estate and financial stocks offsetting gains in retailers and energy producers.Oil prices spiked as the OPEC+ cartel failed to agree on a deal to increase production. Brent crude futures topped $77

London's FTSE 100 finished Wednesday's trading session 0.4% higher at 7,108 points as inflation worries eased and the blue chip benchmark was boosted by a decent start on Wall Street, with the S&P 500 up 0.3% to 4,216.2 by 4.30pm UK time.As in the US, the absence of earnings from big-name companies left the FTSE 100 lacking a bit of inspiration, with the index outshone by the FTSE 250, which rose

London's FTSE 100 had retreated modestly from its morning highs by lunchtime as housebuilders slipped back on mixed mortgage data.By 12.20, the blue chip benchmark was 0.2% higher at 7,092.37 points, while the more domestically-focused FTSE 250 was 0.1% easier at 22,854.5.BLOOMSBURY REPORTS RECORD YEARPublisher Bloomsbury (BMY) jumped 8.7% to 336p after it reported a record financial year as readi

Shares in minimally invasive water detection company Water Intelligence (WATR:AIM) gained 4% to 870p after it announced two acquisitions and the company noted it had finished the first half in 'strong fashion'.The shares are up 63% over the last six months, boosted by strong earnings upgrades with consensus estimates rising around 48% according to data provider Refinitiv.Water Intelligence continu

UK stocks continued their momentum on Wednesday with more solid gains as investors remained upbeat on the global economic recovery.Defying expectations of a flat opening, the UK's benchmark FTSE 100 index moved 0.56% higher to 7,120 while the midcap FTSE 250 index, currently sitting at all-time highs, gained 0.33% to 22,951.It comes after a flat session overnight on Wall Street, where the Dow Jone

UK shares closed lower on Tuesday as nervousness set in ahead of the interest rate decision by the US Federal Reserve tomorrow and key earnings updates after the market close from technology heavyweights Microsoft and Alphabet.Analysts are expecting a 27% increase in Microsoft's third quarter earnings to $1.78 per share, with a 16.6% rise in revenue to $40.85 billion.Investor reaction will likely

UK shares dipped into negative territory at midday Tuesday as investors awaited the two-day policy meeting of the US Federal Reserve where it is expected to reiterate its easy monetary policy.However, there are lingering worries that rising inflation expectations and higher commodity prices could push the bank into earlier than expected tightening.At 12pm, the FTSE 100 was 0.2% lower at 6,948 poin

Shares in minimally-invasive leak detection water company Water Intelligence (WATR:AIM) leapt 9% to 883.5p after saying first quarter revenues grew 38% to $11.4 million, extending a strong finish to 2020.This is a strong start to the new financial year and suggests the company is well ahead of consensus full year expectations for revenues to grow 13% to $43 million, according to data provider Refi

UK stocks eked out modest gains in a subdued start to trading on Tuesday as various mining stocks created a headwind and investors digested a mixed batch of earnings releases, including positive updates from BP (BP.) and HSBC (HSBA) and disappointing ones from Whitbread (WTB) and Aveva (AVV).By 8.20 am, the FTSE 100 traded a mere 0.1% higher at 6,970.55 points while the FTSE 250 was down 0.1% at 2

London's FTSE 100 struggled for direction on Tuesday as US stocks settled back from the previous day's record highs. By the close, the blue chip benchmark was a mere 0.1% higher at 6,531.56 points, with the S&P 500 0.3% lower at 3,905.47 at 4.30 pm UK time.Airlines tumbled after the government tightened restrictions on travellers entering the UK, with International Consolidated Airlines (IAG), Eas

Despite strong gains among oil stocks following a further advance in Brent crude, the FTSE 100's progress was halted by sterling strength on Tuesday, with US futures implying a modest step back for US stocks from the record highs marked on Monday.By noon, the FTSE 100 was basically flat, off 0.01% at 6,522.92 points, while the FTSE 250 edged 0.6% higher to 21,206 points.OCADO LOSSES NARROWIn compa

Shares in minimally-invasive leak detection company Water Intelligence (WATR:AIM) gained 6% to 519p after it reported 17% growth in full year sales to $37.9 million and pre-tax profit up 78% to $4.2 million, around 10% higher than consensus estimates.The core business units American Leak Detection (ALD) and Water Intelligence International (WII) grew strongly with revenues up 15% and 27% respectiv