Update: Steady as she goes
Shanks reported its pre-close trading and will report its full set of results on 21 May. Group underlying trading is broadly in line, with weak demand for Solid Recovered Fuel (SRF) in Belgium offset by further support for recycling activities (via incineration tax). We continue to highlight Shanks Group’s strong position to take advantage of an economic recovery in the Benelux region and significant upside risk to our valuation if such recovery were to materialise.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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