Waste disposal expert Shanks Group said results for the fiscal year just ended should be in line with management expectations.
"Since the Interim Management Statement on 7th February 2012, the group has delivered a robust performance in trading conditions which have remained challenging," the group's pre-close statement said.
Earlier this week Shanks achieved financial close on the £750m 25-year contract with Barnsley, Doncaster and Rotherham councils. Progress continues on achieving financial close on the Wakefield 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
As for cash and borrowings, the ratio of core net debt to earnings before interest, tax, depreciation and amortisation at the end of March was somewhere between 1.7 and 1.8, according to the firm's estimates.
JH
-
Are you one of 15 million people at risk of retirement poverty?Two-fifths of people in the UK aren’t on track for a minimum lifestyle in retirement, new data shows. Are there steps you can take to boost your pension?
-
150 banking hubs now open across UK – is there one near you?As the 150th banking hub opens its doors, a Post Office deal that offers basic banking services has also been extended until 2030. We explain what this means for you
