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

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Central banks are rushing to build digital currencies. What are they, and what do they mean for you?
Bitcoin

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?

As bitcoin continues to soar in value, many of the world’s central banks are looking to emulate it by issuing their own digital currencies. But centra…
8 Apr 2021
Four investment trusts for income investors to buy now
Investment trusts

Four investment trusts for income investors to buy now

Some high-yielding listed lending funds have come through the crisis with flying colours. David Stevenson picks four of the best.
12 Apr 2021