- Xeros Technology Group launched a share issue to raise around £20m to fund the development of products including washing machines and workwear.

New shares in the company would be issued at 10p each, via a £15m placing and subsequent £5m open offer.

'These additional funds will allow us to continue to execute on our IP-rich, asset-light strategy to commercialise our technologies, which address the key global environmental issues of water scarcity and pollution,' chief executive Mark Nichols said.

At 10:04am: [LON:XSG] Xeros Technology Group Plc share price was -9.8p at 22.2p

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