Renewi Plc Share News (RWI)

IN BRIEF: Renewi trading in line with forecasts despite challenges

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.

Renewi on track to meet full-year expectations

(Sharecast News) - Recycling specialist Renewi reiterated full-year guidance on Thursday, following "strong" performances in a number of divisions.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Renewi opens hard plastics sorting site in Netherlands

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."

SMALL-CAP WINNERS & LOSERS: Renewi opens hard plastics sorting site

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

Renewi shares rise on new Dutch facility opening

(Sharecast News) - Shares in Renewi rose strongly on Tuesday after the FTSE 250-listed recycling firm announced the opening of a new hard plastics sorting facility in The Netherlands which it said will help deliver on its sustainable organic growth objectives.

Renewi shares slip after pessimistic full-year trading forecast

(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.

Renewi lowers expectations after challenging third quarter

(Sharecast News) - Waste-to-product company Renewi lowered its full-year expectations in an update on Tuesday, after its performance in the third quarter reflected persisting challenges in some key markets, partly offset by progress in its margin improvement initiatives.

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar

Renewi says revenue and profit down but promises to restart dividends

(Alliance News) - Renewi PLC on Thursday said revenue and profit both took substantial knocks in its latest half year, but maintained its full-year guidance and predicted "good progress" in financial 2025.

Renewi upbeat despite first-half weakness

(Sharecast News) - Waste-to-product specialist Renewi reported first-half revenue of €937m on Thursday, with an underlying EBIT of €50.7m reflecting re-based recyclate prices and subdued volume in certain waste sectors, including construction and demolition.

LONDON BROKER RATINGS: Watches of Switzerland impresses HSBC; Asos cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Macquarie decides against making offer for Renewi

Renewi PLC - Milton Keynes-based company that turns waste into recycled products - Macquarie Asset Management on Thursday rules out making an offer for the company. Macquarie says the decision follows multiple attempts to engage with Renewi, including through a revised proposal which was rejected. "It does not feel it is in an informed position to make an offer for Renewi," Macquarie adds. In September, Macquarie said it was considering making a takeover offer for Renewi worth GBP636 million, but Renewi rejected the suggested price as too low.