TEG Group's shares rise on waste management contract
Biomass company TEG Group has scored a contact with a major waste management company for organic waste composting at a number of its sites.
Biomass company TEG Group has scored a contact with a major waste management company for organic waste composting at a number of its sites.
Under a six-year deal starting in the second quarter of the year, the company will handle about a volume of waste of about 15,000 tonnes per annum.
Overall revenues are expected to reach £2.0m over the period of the contract.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"It is very pleasing for TEG to have secured a further long term waste supply contract which further underpins our growing operating business," said Chief Executive Michael Fishwick.
Shares rose 3.85% to 6.75p at 10:08 Friday.
RD
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
8 of the best converted properties for sale now
The best converted properties for sale – from an apartment in the former Hartley’s Jam factory on London’s Southbank, to a converted 18th-century mill in Itteringham, Norfolk
-
How taking a two-year career break could leave a £26k hole in your pension
Career breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time