Update: Signs of recovery continue
Shanks Group's IMS demonstrated that its underlying trading performance is in line with management expectations, although the current weak euro could lead to a modest translation impact on FY15 reported numbers. Shanks continues to see signs of improvement in the Benelux solid waste market. We still believe that Shanks is well positioned to take advantage of an economic recovery and could seek to strengthen its position in the waste market through sector consolidation.Renewi is a recycling companies. Co. operates in four divisions: commercial, which is engaged in sorting and recycling for, amongst others things, paper, cardboard, wood, plastics, metals and Construction and Demolition waste; hazardous, which is engaged in treating contaminated soil and water, as well as for the disposal of a range of hazardous waste such as waste paints and solvents; municipal, which operates waste treatment facilities for U.K. and Canadian city and county councils under long-term contracts; and monostreams, which produce materials from waste streams in specific end markets such as glass, electrical and electronic equipment, organics and minerals.
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