Straight wins contract with Serco to provide recycling bins to UK council

Environmental products and services group Straight announced Monday it was awarded a 1.7m-pound contract with Serco to provide recycling bins to UK's Canterbury City Council.

Environmental products and services group Straight announced Monday it was awarded a 1.7m-pound contract with Serco to provide recycling bins to UK's Canterbury City Council.

Straight will deliver a number of containers and products as part of the council's new waste and recycling initiatives in the second and third quarters of the year.

The company's 240-litre wheeled bins and 55-litre wheeled bin inner caddy will be used to collect recyclables and garden waste on alternate weeks.

The collection of mixed recyclables in communal areas will be serviced by the Straight's 1,100-litre Steelybin metal bins equipped with suitable apertures.

Straight's 5.0-litre and 23-litre caddies will be used as part of a new weekly food waste collection by the council. Each household will be issued with a roll of StraightCompost-a-Bag compostable liners.

"I am delighted to announce our £1.7m contract win with Serco which illustrates our strength as a key player in the waste management industry and the partner of choice for contracts of this nature," Straight's Chief Executive, Jonathan Straight said.

"We very much look forward to working with Serco and helping Canterbury City Council achieve its new recycling initiatives."

Shares rose 5.17% to 30.50p at 13:50 Monday.

RD

Recommended

Has the “jam tomorrow” bubble popped already?
Stockmarkets

Has the “jam tomorrow” bubble popped already?

Fund managers have had a good year so far. John Stepek looks at what to expect from markets until year end.
6 Dec 2021
Three stocks that should profit from the dash for digital growth
Share tips

Three stocks that should profit from the dash for digital growth

Professional investor Christopher Versace of the Digital Infrastructure and Connectivity UCITS ETF picks three digital growth stocks to buy now.
6 Dec 2021
JD Wetherspoon: why investors should head to the pub
Trading

JD Wetherspoon: why investors should head to the pub

Pub group JD Wetherspoon is a solid operator, and is due a bounce when the pandemic eases. Matthew Partridge picks the best way to play it.
6 Dec 2021
Share tips of the week – 3 December
Share tips

Share tips of the week – 3 December

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
3 Dec 2021

Most Popular

Bubbles grow in global property markets as house prices continue to rise
Property

Bubbles grow in global property markets as house prices continue to rise

House prices grew by 6% in the year to mid-2021 in 25 global cities, with the German property market in particular showing signs of overheating.
3 Dec 2021
Investing in time
Sponsored

Investing in time

SPONSORED CONTENT – Watch collecting can be addictive and expensive, but it can also be a very sound investment strategy
3 Dec 2021
Three safe bets on the growing online gambling sector
Share tips

Three safe bets on the growing online gambling sector

Professional investor Aaron Fischer, creator of the Fischer Sports Betting and iGaming ETF, picks three of his favourite online gambling stocks.
29 Nov 2021