Biffa bounces as it steps up recycling plans

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The impact of the third lockdown on earnings has been less severe than originally anticipated () said performance in the second half has continued to be ahead of expectations, while three new recycling plants are coming on stream soon, with the decision also taken to expand its plastic milk bottle recycling operations. Full-year underlying earnings (EBIT) are forecast to be £42-44mln, which is above expectations. The metric wasn’t used in last year’s results but EBITDA came in at £174mln. READ: Biffa buys surplus food redistributor Company Shop Group for £82.5mln The waste management firm said the impact of the third lockdown on earnings has been less severe than originally anticipated. Biffa said phase two of the Seaham plastics recycling plant and the previously announced projects at Washington and Aldridge are progressing to plan, with all three expected to come online in the early part of the new financial year. Agreements for the sale of the output of the S
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