European waste-to-product firm Renewi (RWI) has raised the bar yet again with the announcement that full year profits will be above its recently-revised forecasts.Trading in January and February has been better than expected, meaning EBIT (earnings before interest and tax) will top the firm's previous target of €120 million.By 10am Renewi shares had gained 1.3% to 711p on above-average tradin

London's blue chip benchmark closed Friday's session 1.2% lower at 7,466.07 points, while the FTSE 250 finished almost 1% down at 21,643.3, rounding off a volatile week for markets as investors fretted over inflation and rising interest rates as well as the threat of conflict in Ukraine.Despite higher yields, banking stocks dragged on the blue chip benchmark with HSBC (HSBA) off 1.9% at 528.3p, Ba

Europe's largest recycling company Renewi (RWI) delivered another strong quarter for the three months to December and announced a further 'material upgrade' to its outlook for the full year to March.The waste-to-product firm has been on a charge over the last year with its shares rallying from below 400p to over 800p in November before falling back in line with the market. Today's update saw the s

UK shares retreated from positive territory on Monday afternoon, pulled down by weak US markets while oil prices spiked higher.At the London close the US S&P 500 index of leading shares was down 1.4% while the technology focused Nasdaq 100 index was 2.3% lower.Meanwhile Brent crude prices shot up 2.6% to $81.20 per barrel, marking new three-year highs.At the close the FTSE 100 index of leading sto

UK shares traded slightly higher at midday on Monday as gains in oil and mining shares were offset by weakness in financials. At 12pm, the FTSE 100 index of leading stocks was up 0.2% to 7,040 points. Brent crude prices were trading 0.4% higher at $79.50 per barrel, close to last week's three-year high.COMPANY NEWSThe auction for supermarket group Morrisons (MRW) ended with CD&R pipping Fortress t

UK stocks started the week cautiously, in spite of a raft of earnings upgrades, after another weak session in Asia where stocks in China and Japan were down 2% and 1% respectively as the Evergrande saga rumbled on.In energy markets, the focus was on the meeting of OPEC+ oil producers for any decision on whether to increase crude production, after a sharp rally in oil and gas prices this year. Bren

There is a common theme in the current wave of takeovers involving UK stocks, namely that many of the targets operate in the business-to-business space and provide products or services to other companies.Since the middle of July there have been more than half a dozen significant bids, most of which have been recommended by the boards of the target companies.Parker-Hannifin's bid for component make

Renewi (RWI) 49pGain to date: 105%Original entry point: Buy at 23.95p, 19 November 2020Our call to back the self-help programme at Anglo-Dutch waste management firm Renewi (RWI) has paid off faster than we expected, more than doubling our money in less than six months.With no shortage of good ideas out there we think it is time to book profit and move on.Volumes in the Minerals and Waste division

Unlike a lot of firms, international waste-to-product company Renewi (RWI) - which was formed from the merger between Shanks Group and Van Gansewinkel Group in 2017 - has emerged from the pandemic in better shape than it started.First half turnover at its ongoing operations, which exclude the Canada municipal business sold in September last year and the Reym business sold in October 2019, was down

Among the stock market's most spectacular share price appreciation stories of recent years is Premier Foods (PFD). The cake, gravy and cooking sauces maker known for brands including Mr Kipling, Bisto, Ambrosia, Sharwood's and Loyd Grossman.Languishing at 19.4p in March, Premier Foods' shares are now priced at 95p, having enjoyed a stunning re-rating thanks to improving earnings momentum as well a

Shares in Anglo-Dutch waste treatment firm Renewi (RWI) gained 5.8% to 27.5p after trading in the first quarter to 30 June exceeded management?s initial Covid-19 expectations.Rather than a ?20 million hit to earnings, the impact was a more manageable ?12 million which meant the company suffered no net cash outflow during the period.SLOW GAINSCommercial waste volumes in the Netherlands ?improved st

Despite a sharp rally in Chinese shares overnight and another day of strong gains for US shares, with the Nasdaq Composite index hitting a new record, UK stocks eased on Tuesday as more companies counted the cost of the pandemic and lockdown.On the currency markets the pound was steady against the dollar at $1.248 while gold prices eased back slightly to $1,781 per ounce.The FTSE 100 index gave up

UK stocks trod water on Friday as the FTSE 100 held steady at 7,576 after chalking up a week of gains.Oil giant Royal Dutch Shell (RDSB) published glum production and margin guidance for the fourth quarter, sending the shares down 0.8% to £22.54.Sales of oil products are expected to be between 6.5m and 7m barrels per day compared with 6.7m and 7.35m in the third quarter while refining and marketi

Waste and recycling firm Renewi (RWI) - formerly known as Shanks - is getting a warm reception to its AGM trading update with shares up 3% to 28p on considerably higher than usual turnover.After a series of downbeat announcements due to delays with its Derbyshire waste-to-energy facility and the shutdown of its Amsterdam incinerator, together with a cut to the dividend, investors were treated toda

Shares in waste-management group Renewi (RWI) sink another 16% to 20.3p on Friday after the firm cuts its 2020 profit forecast and its final dividend.READ MORE ABOUT RENEWI HEREWith no sign yet of the Dutch authorities allowing a resumption of shipments of thermally-treated soil from the ATM site, Renewi has assumed zero shipments for the year to March 2020 and cut its operating profit forecast by

London's FTSE 100 firms 37.4 points to 7,272 on Friday, boosted by miners which are up on hopes that the US and China are making progress with trade talks. Continued strength with oil prices is also giving the blue chip benchmark support with both BP (BP.) and Royal Dutch Shell (RDSA) ticking higher.Drugs giant AstraZeneca (AZN) cheapens 4.2% to £62.21, despite inking a $6.9bn agreement with Daii

Shares in waste-collector Renewi (RWI) drop 12% to 48p, their lowest level this decade, after the company's latest trading update reveals further problems with its ATM hazardous-waste treatment plant.The ATM plant in Moerdijk, south of The Hague, is one of the largest centres of its type in Europe.Since August 2017 the plant has been running at reduced capacity as the regulators made repeated insp

Supermarket chain Sainsbury (SBRY) reported a hefty slump in half year profits as it continues to grapple with stiff competitive pressures. Pre-tax profits fell from £220m a year ago to £132m in the six months to 22 September with like-for-like sales barely making any progress, up just 0.6%.The supermarket group blamed the drop in profits on a number of charges, including the integration of Argo

The FTSE 100 is in positive territory, up 8.12 points to 7,797.08 but all eyes will be on retail data released later today.B&Q owner Kingfisher (KGF) dips 2.9% to 286.9p as its revenues are down 4% to £2.8bn on a like-for-like basis in its first quarter to 30 April. CEO Veronique Laury attributes this lacklustre performance to 'exceptionally harsh weather across Europe and weak UK consumer demand

The FTSE 100 is up by 12.46 points to 7,057.20 despite a poor performance overnight on Wall Street as the fallout from the Facebook scandal continues to weigh heavily on some of the largest tech stocks.Trading platform CMC Markets (CMCX) bids up 4.1% to 161.6p after saying it expects net operating income for the second half to be significantly above the prior year. The company's revenue per client