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Renewi PLC (RWI.L)

RWI.L on London Stock Exchange

70.50GBp
18 May 2018
Change (% chg)

0.10 (+0.14%)
Prev Close
70.40
Open
69.50
Day's High
71.30
Day's Low
69.00
Volume
1,549,072
Avg. Vol
1,156,880
52-wk High
109.00
52-wk Low
68.10

Latest Key Developments (Source: Significant Developments)

Renewi Says To Take ‍Update Onerous Contract Provisions On UK Municipal Division​
Friday, 9 Mar 2018 02:00am EST 

March 9 (Reuters) - Renewi Plc ::‍UPDATE ON UK MUNICIPAL DIVISION​.SAYS GETS ‍EXCEPTIONAL CREDITS OF £8M RELATING TO WAKEFIELD AND CUMBRIA CONTRACTS​.‍BOARD HAS CONCLUDED THAT ADDITIONAL ONEROUS CONTRACT PROVISIONS OF £27M AND £30M RESPECTIVELY ARE NOW REQUIRED​.‍PROVISIONS WILL BE ACCOUNTED FOR IN GROUP'S RESULTS FOR YEAR ENDING 31 MARCH 2018 USING A PRUDENT DISCOUNT RATE​.‍THESE LONG TERM CONTRACTS MAY BE SUBJECT TO MATERIAL CHANGES IN CONDITIONS OVER THEIR REMAINING LIVES OF UP TO 22 YEARS​.‍BOARD DOES NOT ANTICIPATE ANY FURTHER PROVISIONS, ASSUMING NO MATERIAL AND LASTING CHANGE IN MARKET CONDITIONS FOR OFF- TAKE​.‍WILL ALSO BE RECOGNISING AN EXCEPTIONAL £3M CREDIT FOR YEAR ENDING 31 MARCH 2018 RELATING TO SETTLEMENT OF A CLAIM WITH A GUARANTOR​.  Full Article

Renewi Says FY 2018 Trading Outturn Will Be In Line With Expectations​
Monday, 12 Feb 2018 02:00am EST 

Feb 12 (Reuters) - Renewi Plc ::‍OVERALL TRADING DURING SECOND HALF OF THIS FINANCIAL YEAR HAS BEEN POSITIVE AND IN LINE WITH MANAGEMENT'S EXPECTATIONS​.‍BOARD REMAINS CONFIDENT THAT TRADING OUTTURN FOR FULL YEAR ENDING 31 MARCH 2018 WILL BE IN LINE WITH ITS EXPECTATIONS​.  Full Article

Renewi says expectations for FY 2019 remain unchanged​
Monday, 23 Oct 2017 02:00am EDT 

Oct 23 (Reuters) - RENEWI PLC ::‍BOARD'S EXPECTATIONS FOR YEAR ENDING 31 MARCH 2019 REMAIN UNCHANGED​.  Full Article

Renewi says confident of delivering overall expectations for current year
Wednesday, 27 Sep 2017 02:00am EDT 

Sept 27 (Reuters) - RENEWI PLC ::BOARD IS CONFIDENT OF DELIVERING ITS OVERALL EXPECTATIONS FOR CURRENT YEAR.CURRENT AND FORECAST GROUP NET DEBT POSITION IS BETTER THAN BOARD'S EXPECTATIONS DUE TO WELL CONTROLLED CAPITAL EXPENDITURE AND INTEGRATION COSTS IN FIRST HALF.  Full Article

Renewi says overall trading in first three months ahead of co's expectations
Thursday, 13 Jul 2017 02:00am EDT 

July 13 (Reuters) - Renewi Plc :Overall trading in first three months of year is ahead of our expectations.Board is confident of delivering its expectations for current year.Are on track to deliver significant value accretion from merger in year ending 31 march 2019.  Full Article

Shanks sees full-year results in line with its expectations
Tuesday, 7 Feb 2017 03:11am EST 

Shanks Group Plc : Trading update . Today issues its trading update for period from 1 October 2016 to date. . In q3, trading has continued in line with that in first half, . Commercial division has continued to perform well . Pricing pressure remains in end markets, but volumes have continued to show encouraging growth compared to prior year . Hazardous waste division has also delivered a strong performance since half year . Municipal division had a very difficult q3, with impact of both mix and prices of fuels that we produce being worse than expected, particularly at ELWA . Progress with VGG merger continues as announced with our interim results .Continues to expect group to deliver a result for year ending 31 march 2017 in line with its expectations..  Full Article

Shanks receives approval in Belgium for merger with Van Gansewinkel
Wednesday, 25 Jan 2017 09:01am EST 

Shanks Group Plc :Shanks receives approval in Belgium for merger with Van Gansewinkel.  Full Article

Shanks Group says half-year revenue up 17 pct to 348.4 mln stg
Thursday, 17 Nov 2016 02:00am EST 

Shanks Group Plc : Good group trading performance, with revenue and underlying profit growth at constant currency in line with our expectations . Pre-Tax returns on investment portfolio increased to 21.1 pct (march 2016:19.5 pct) . Interim dividend maintained at 0.95p per share adjusting for bonus factor within recent rights issue . Revenue up 7 pct at constant currency to £348.4m (up 17 pct at reported rates) . Underlying profit before tax up 23 pct at constant currency to £15.4m (up 44 pct at reported rates) . Shanks - fy expectations remain unchanged at constant currency and current weakness of sterling will benefit our reported results for full year materially . H1 underlying pretax profit rose 44 percent to 15.4 million stg . Interim dividend 0.95 penceper share .H1 revenue rose 17 percent to 348.4 million stg.  Full Article

Shanks Group to buy Van Gansewinkel Groep for 482 mln euros
Thursday, 29 Sep 2016 02:41am EDT 

Shanks Group Plc : Proposed merger with van Gansewinkel Groep . Cash and share consideration payable to VGG's ultimate beneficial shareholders of 482 mln euros, on a cash free/debt free basis . Shanks overall current trading for year to date is in line with management's expectations at constant currency . Merger subject to Shanks and VGG shareholder approvals and anti-trust clearance, with completion anticipated by end of December 2016 . Shanks' CEO and CFO to lead combined group . Payment of approximately 286 mln euros in cash, financed through new debt facilities and an equity issue of approximately 141 mln stg . Combined group sees achieving annual risk-weighted pre-tax cost synergies of about 40 mln euros in third full year following completion . Merger has support from major shareholders in both companies and has positive advice from relevant works councils . Shanks' Benelux-based divisions performing strongly .VGG's CEO and CFO will actively support integration for a short period post completion.  Full Article

Shanks Group says in talks to acquire van Gansewinkel Groep BV for 440 mln euros
Thursday, 7 Jul 2016 02:34am EDT 

Shanks Group Plc : Proposed merger with van Gansewinkel Groep . Proposed merger with van Gansewinkel Groep BV and restoration of dealings in Shanks ordinary shares . Shanks has entered into exclusive discussions with VGG and its two largest shareholders . Agreement in principle of merger terms valuing VGG at c. EUR 440 mln on a debt-free cash-free basis . Cash consideration from Shanks of approximately EUR 236 mln, to be financed through new debt facilities for combined group . New Shanks shares which would be issued to VGG shareholders as consideration for proposed merger would be subject to appropriate lock-up undertakings .VGG shareholders would receive EUR 306 mln in cash (inclusive of VGG's net cash position) and share consideration representing c.29 pct ownership of combined group.  Full Article