LONDON BROKER RATINGS: Goldman cuts Eutelsat, Stifel cuts Renewi
24th Feb 2025 09:48
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - Macquarie Group Ltd on Thursday said it has reached an agreement on the final terms of its proposed takeover of Renewi PLC, and Renewi reported revenue growth for the first nine months of its current financial year. Read More
(Alliance News) - Stocks in London were called to open down on Monday morning, as investors digest some unwelcome UK economic news at the start of a holiday-shortened week. Read More
(Alliance News) - London's FTSE 100 struggled for direction on Thursday, although a wave of M&A action sparked life into an otherwise quiet trading day due to a public holiday in New York. Read More
(Alliance News) - Stocks traded mixed on Thursday afternoon, with the FTSE 100 struggling for direction, but some takeover action breathed life into the London equity market, in what is set to be an otherwise quiet day due to a public holiday in New York. Read More
(Alliance News) - FTSE 250-listed Renewi PLC said it would recommend a new takeover proposal worth over GBP700 million from Macquarie Asset Management should a firm offer materialise. Read More
(Alliance News) - Renewi PLC on Tuesday reported a decline in interim profit but said it still expects to meet market expectations for its full year. Read More
Renewi PLC - Milton Keynes, England-based waste-to-products processor - Builds new 100 metre long jetty at the waste management site of subsidiary ATM in Moerdijk, the Netherlands. The new jetty costs EUR7.8 million to build but will allow up to six ships to dock at the same time, increasing capacity by 15%. It will be operational from November. ATM also commissions an additional degassing installation this year. ATM provides for the treatment of contaminated soil, wastewater and oily sludge and for the disposal of a wide range of hazardous wastes, such as packaged chemical waste, with the focus on recycling. Read More
(Alliance News) - Renewi PLC on Tuesday maintained its outlook after reporting growth, as the company said it continues to optimise its portfolio and secure new contract wins. Read More
(Alliance News) - Ocado Group PLC has been relegated from the FTSE 100 in the latest quarterly reshuffle which sees promotions for technology firm Darktrace PLC, housebuilder Vistry Group PLC and property company LondonMetric Property PLC. Read More
(Alliance News) - Renewi PLC on Thursday said revenue and profit had slipped in its latest financial year, as the company announced the disposal of its UK Municipal business in an effort to prioritise its European operations. Read More
Renewi PLC - Milton Keynes, England-based company which turns waste into recycled products - On Thursday, issues trading update. Expects financial 2024 results in line with current market expectations. Highlights a strong performance in three out of four divisions coupled with cost actions across the group, amid a challenging operating environment for Commercial Waste Netherlands. Notes recyclate prices were largely stable through the second half. Overall, sees full-year revenue slightly lower year-on-year, as expected, reflecting the mixed market backdrop and lower recyclate pricing. But says the benefits of ongoing cost reduction, digitisation, execution of strategic initiatives and strong momentum in several businesses is expected to result in an improved underlying earnings before interest and tax margin performance in the second half. Read More
Renewi PLC - Milton Keynes, England-based company which turns waste into recycled products - Opens a hard plastics sorting facility in Acht, Netherlands. It says the opening of the new facility advances its recycling efforts and solidifies its position as a leader in the sector and reducing reliance on traditional waste disposal methods. The newly opened facility enables Renewi to recycle separately collected plastics and more contaminated material from construction and demolition waste, noting a 95% purity rate achieved via an advanced technology. Renewi says: "The Acht facility showcases Renewi's innovative approach towards future recycling processes and will help increase the company's recycling rate further. Renewi aims to expand partnerships with industry leaders and stakeholders, reaffirming its commitment to sustainability and helping leading the charge towards a waste-free future." Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
(Alliance News) - Renewi PLC on Tuesday said quarterly trading reflected the current "challenging" environment, and it expects full-year results to fall below market expectations. Read More