Shanks gets go-ahead for VGG merger
15th Feb 2017 12:43
(ShareCast News) - Shanks has received all the necessary approvals from the relevant competition authorities in the Netherlands for its proposed merger with Dutch waste collection company van Gansewinkel Groep B.V. (VGG), which it expects to be significantly earnings enhancing in the second full fin
Read moreShanks performing in line as merger with Van Gansewinkel continues
7th Feb 2017 12:43
(ShareCast News) - International waste-to-product business Shanks Group issued its trading update for the period from 1 October to date on Tuesday, saying trading continued in line with that in the first half during the third quarter, with strong underlying performances from the commercial and hazar
Read moreShanks revenue rises and profit surges
17th Nov 2016 11:27
(ShareCast News) - International waste-to-product company Shanks Group posted its interim results for the six months to 30 September on Thursday, with revenue up 7% at constant currency to £348.4m, or up 17% at reported rates. The company's underlying profit before tax was 23% firmer at constant cur
Read moreThursday broker round-up
27th Oct 2016 12:29
(ShareCast News) - Debenhams: JP Morgan keeps at underweight with a target price of 54p. AA: Berenberg stays at buy, 315p target. National Express: RBC reiterates outperform with a 405p target. LLoyds: UBS reiterates buy with a 67p target. GlaxoSmithKline: Credit Suisse reiterates neutral with a
Read moreVGG shareholders approve Shanks merger
14th Oct 2016 09:40
(ShareCast News) - Shanks said on Friday that shareholders of Dutch waste collection company van Gansewinkel Groep B.V. (VGG) have approved the merger between the two. The London-listed waste management firm noted the deal remains subject to Shanks shareholder approval and anti-trust clearance. At
Read moreDirector dealings: Shanks chair buys ahead of merger
11th Oct 2016 14:32
(ShareCast News) - Shanks Group chairman Colin Matthews has grabbed a chunk of shares in the company to tie his interests in with shareholders as the waste specialist edges closer to a transformational merger with a Dutch rival. Matthews, the ex Heathrow Airport and Severn Trent chief executive who
Read moreShanks Group and VGG amend merger consideration
16th Sep 2016 15:11
(ShareCast News) - Shanks Group updated the market on its proposed merger with van Gansewinkel Groep on Friday. The London-listed firm said significant progress had been made on transaction and due diligence, with the exclusivity agreement with VGG and its two largest shareholders extended for a fur
Read moreCredit Suisse sees 30% chance of 'Brexit lite', recommends buying UK dollar earners
29th Jun 2016 09:11
(ShareCast News) - In its latest global equity strategy note, Credit Suisse said there was a 30% chance of a 'Brexit lite' and no change in governing party until 2020. "We have a 30% chance of a second referendum which would take place if Boris Johnson is able to negotiate better terms (i.e. a brake
Read moreShanks confirms talks to acquire Van Gansewinkel in reverse takeover
24th May 2016 09:47
(ShareCast News) - Shanks said it is on the verge of making an acquisitive approach for a larger rival, Dutch and Belgian waste collection and recycling business Van Gansewinkel, which would constitute a reverse takeover. Waste specialist Shanks has requested its shares be suspended pending further
Read moreShanks full year trading in line
5th Apr 2016 10:49
(ShareCast News) - Waste-to-product business Shanks said trading for the year to the end of March was in line with the board's expectations. Ahead of its preliminary results on 19 May, the company said expectations for the year ending 21 March 2017 remained unchanged. Shanks said its strong ongoing
Read moreShanks Group says interim trading in line with expectations
28th Sep 2015 08:21
(ShareCast News) - Waste-to-product business Shanks Group said trading in the six months to the end of September has been in line with expectations. In a pre-close trading update released on Monday, the London-listed group said in the half-year to 30 September market conditions in the Netherlands co
Read moreShanks confident on full-year despite currency headwinds
23rd Jul 2015 15:03
(ShareCast News) - Waste-to-product business Shanks said trading has continued in line with the board's expectations since its preliminary results in May and the company expects full-year results to be in line with guidance. Shanks said it has made an encouraging start to the year, with all three di
Read moreBroker tips: WM Morrison, Astrazeneca, M&S, Shanks
6th Nov 2014 13:00
Shore Capital has retained a 'hold' rating for supermarket group Wm Morrison after a mixed set of third-quarter results, saying that it is "critical" that trading improves over the pivotal Christmas period. "It is essential that the group trades much more robustly in the current quarter and then dis
Read moreInvestec says keep shares in Shanks after in-line H1
6th Nov 2014 12:29
Broker Investec is advising investors to keep hold of shares in Shanks after the waste group revealed tough first half results but managed to avoid any nasty surprises. Shanks said its Benelux business had a difficult six months and reported lower profits and revenues, but reported an in-line per
Read moreBenelux woes hit waste group Shanks
6th Nov 2014 10:02
Waste group Shanks reported tough trading in Belgium and the Netherlands but cheered investors with stable performances in its other businesses, lifting its shares. Shanks said it had had a tough first half in its Benelux operations, where markets for construction and commercial waste remained weak
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