Straight wins new contract with YPO

Straight's shares advanced Thursday after the environmental and product services group announced it won a new deal with YPO to supply plastic wheel bins.

Straight's shares advanced Thursday after the environmental and product services group announced it won a new deal with YPO to supply plastic wheel bins.

The contract for the bins, which range between 140 to 1,100 litre capacity, is estimated to be worth between £30m and £60m across a total of six suppliers on the framework.

The four-year agreement replaces a previous contract with YPO for wheeled bins, which has expired.

Straight now holds positions on four YPO framework agreements, which include the supply of metal wheeled bins, recycling containers, compostable liners and plastic wheeled bins.

YPO customers include public sector organisations such as schools, colleges and universities, emergency services, and major local government departments.

Jonathan Straight, Chief Executive of Straight, said: "We have been a supplier to YPO, the UK's largest public sector organisation, since 2005, and a supplier of wheeled bins to YPO customers since 2008.

"Our appointment is testament to our high compliance and quality levels, and the fact our products have also achieved the latest standards for certification. We look forward to continuing to work with YPO now and in the future, and to continue the high level of service that we are renowned for."

Shares rose 22.81% to 35p at 12:38.

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

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
Nuclear power might never be popular – but now looks a good time to invest
Commodities

Nuclear power might never be popular – but now looks a good time to invest

Nuclear power gets a very bad press, but it is the ultimate renewable energy source. Interest in it is perking up again, says John Stepek. Which means…
9 Apr 2021
How to find companies that can thrive in the post-Covid world
Advertisement Feature

How to find companies that can thrive in the post-Covid world

Many sectors of the global economy will return to something resembling pre-pandemic status, but others will take far longer to recover.
8 Apr 2021