focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBIFF.L Share News (BIFF)

  • There is currently no data for BIFF

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Biffa wins 10-year Scotland deposit return scheme contract

Tue, 19th Jul 2022 07:01

(Sharecast News) - Sustainable waste management company Biffa said it had won a 10-year contract to provide logistics, sorting and counting services for the UK's first deposit return scheme (DRS) for drinks containers in Scotland.

Biffa will be the logistics partner for the scheme, with responsibilities including the collection of bottles and cans from around 30,000 locations. It will also build and operate three counting centres. No financial details were disclosed.

It plans to spend £80m estimated capital commitment, including property lease commitments, August 2023.

Biffa was appointed by Circularity Scotland, the scheme's administrator - working on behalf of drinks producers, retailers and hospitality venues to provide the collection, counting and recycling of the billions of drinks containers which are placed on the Scottish market each year.

The deal is expected to create around 500 jobs in Scotland. Circularity Scotland is also working with Biffa to explore the opportunity to build a PET recycling plant in Scotland to support the scheme and deliver further employment opportunities.

Scotland is the first UK nation to implement a DRS. From August 16, 2023, a refundable 20p deposit will apply to all applicable containers sold - from 50 millilitre containers to large 3-litre bottles.

The DRS aims to capture at least 90% of the drinks containers made from PET plastic, steel, aluminium, and glass. Plastic bottles collected will be converted into recycled pellets to be supplied back into the UK beverage supply chain.

More News
19 Jul 2021 21:13

IN BRIEF: 20% of Biffa shareholders vote against chair reappointment

IN BRIEF: 20% of Biffa shareholders vote against chair reappointment

Read more
19 Jul 2021 12:14

LONDON MARKET MIDDAY: Lockdown lifting marred by Covid surge concern

LONDON MARKET MIDDAY: Lockdown lifting marred by Covid surge concern

Read more
19 Jul 2021 10:59

Biffa first quarter "well ahead" expectations amid revenue boost

Biffa first quarter "well ahead" expectations amid revenue boost

Read more
19 Jul 2021 10:42

Biffa upgrades FY expectations after stronger-than-expected Q1

(Sharecast News) - Waste management firm Biffa lifted its full-year earnings expectations on Monday following better-than-expected trading in the first three months of the year.

Read more
5 Jul 2021 13:13

Monday broker round-up

(Sharecast News) - Flutter Entertainment: Deutsche Bank upgrades to buy with a target price of 16,287p.

Read more
5 Jul 2021 09:39

Biffa to seal Viridor assets buy as UK regulator has no further doubts

Biffa to seal Viridor assets buy as UK regulator has no further doubts

Read more
5 Jul 2021 07:49

Biffa acquisition of Viridor assets to complete by end of August

(Sharecast News) - Waste management company Biffa said its acquisition of Viridor's collections business and some of its recycling assets should complete at the end of August after the Competition and Markets Authority said it had no further questions about the deal.

Read more
30 Jun 2021 10:15

BROKER RATINGS: Citi upgrades Shell; Berenberg downgrades Cairn Energy

BROKER RATINGS: Citi upgrades Shell; Berenberg downgrades Cairn Energy

Read more
2 Jun 2021 13:19

Wednesday broker round-up

(Sharecast News) - Tate & Lyle: Berenberg upgrades to buy with a target price of 855p.

Read more
2 Jun 2021 09:38

BROKER RATINGS: Peel Hunt and Jefferies converge to say Hold Greencore

BROKER RATINGS: Peel Hunt and Jefferies converge to say Hold Greencore

Read more
1 Jun 2021 13:43

Tuesday broker round-up

(Sharecast News) - Tekmar Group: Berenberg reiterates buy with a target price of 75p.

Read more
1 Jun 2021 10:57

Biffa well placed for strong recovery despite GBP53 million loss

Biffa well placed for strong recovery despite GBP53 million loss

Read more
1 Jun 2021 09:12

LONDON MARKET OPEN: Miners lift FTSE 100 after robust China PMI

LONDON MARKET OPEN: Miners lift FTSE 100 after robust China PMI

Read more
1 Jun 2021 07:54

LONDON MARKET PRE-OPEN: JD Sports defends governance; Biffa in loss

LONDON MARKET PRE-OPEN: JD Sports defends governance; Biffa in loss

Read more
1 Jun 2021 07:43

Biffa finishes year ahead of expectations even as earnings slide

(Sharecast News) - Biffa reported a 10.4% decline in net revenue in its full-year results on Tuesday, to £988.1m, as its EBITDA slid 20.6% to £138.2m, although it still ended a tough year ahead of its expectations.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.