We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Spirax-sarco Engineering Plc | LSE:SPX | London | Ordinary Share | GB00BWFGQN14 | ORD 26 12/13P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -25.00 | -0.27% | 9,150.00 | 9,140.00 | 9,145.00 | 9,185.00 | 9,005.00 | 9,085.00 | 10,759 | 11:45:05 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Automatic Regulatng Controls | 1.68B | 183.6M | 2.4946 | 36.68 | 6.73B |
From May 2023 to May 2024
By Joe Hoppe
Spirax-Sarco Engineering said Thursday that it will take an ownership stake in Kyoto Group, and will make investment, partnership and commercial agreements with Kyoto and Iberdrola to support development of the Heatcube technology.
The steam-system engineering company said that subject to formal approval at Kyoto's annual meeting on June 30, the three companies will agree to support development of molten salt thermal-energy storage solution Heatcube.
Spirax will invest 3 million pounds ($3.8 million) in return for a 15% share of Kyoto's issued share capital. This is roughly in line with Kyoto's current market cap of 215 million Norwegian krone ($20.2 million).
The partnership agreement covers the commercial and technical development of electrical heaters, along with other Spirax-Sarco Engineering technologies, for existing and future generations of Heatcube and targeting commercialization.
"As we already provide some of the technology that sits behind Heatcube, getting actively involved in supporting Kyoto through direct investment and partnering is a natural extension of our activity in this area," Chief Executive Nicholas Anderson said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
June 22, 2023 02:49 ET (06:49 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Spirax-sarco Engineering Chart |
1 Month Spirax-sarco Engineering Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
