Shanks trading on course

Waste management firm Shanks said trading for the interim period to 31 January 2012 is in line with company expectations despite, as expected, challenging conditions.

Waste management firm Shanks said trading for the interim period to 31 January 2012 is in line with company expectations despite, as expected, challenging conditions.

"The softening macro-economic environment and the fall in paper recyclate prices have impacted the Solid Waste business in all territories. Pricing pressure in the Netherlands has continued and overall volumes have softened. In addition, the Euro has weakened to 1.21 against the pound in recent months," Shanks explained in a company statement.

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