Porvair wins nuclear filtration contract with UK Government

Porvair said its Microfiltration unit has signed an 11.3m-pound deal with the UK Government for the construction of a nuclear remediation filtration system.

Porvair said its Microfiltration unit has signed an 11.3m-pound deal with the UK Government for the construction of a nuclear remediation filtration system.

The unit of the specialist filtration and environmental technology group will design and manufacture the system with the financial impact of the contract to be spread over the next two to three years.

Advertisement - Article continues below

"Certain aspects of the project require further engineering and the precise timing of deliveries is yet to be determined," the company said in a statement.

Shares rose 4.74% to 166.00p following the announcement.

The news comes after the company reported strong sales in its last interim management statement with revenues 12% higher in the nine months leading to the end of August.

Porvair develops filtration and separation equipment in the UK, US, Germany and China.




Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular


House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020

How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bu…
3 Jul 2020