Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
magazineBiffa loses valuable source of income amid ongoing Chinese issue
Waste management company Biffa (BIFF) has been hit with earnings downgrades as restrictions on the export of paper recyclables to China continues to cause issues for the UK-listed business.
It used to get £70 a tonne for exporting mixed paper to China; now it gets next to nothing. Analysts had expected the problem
to be temporary, yet Biffa now expects the headwinds to persist.
Stockbroker Numis adjusted the company’s earnings before interest
tax depreciation and amortisation (EBITDA) for 2019 down by 6% or £5.1m to £81.9m. (DS)
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
Issue contents
Big News
- Spring Statement reveals (slightly) improved economic picture
- Gem Diamonds is on a roll with high quality discoveries
- Time is running out for GKN shareholders to vote on Melrose takeover offer
- Labour strike risk could lead to higher copper price
- Why is the dollar struggling?
- Big fall in London house prices
- Aviva under fire for plan to cancel high-yielding shares
- AJ Bell customers given priority access to company’s IPO share offer
- An increasing number of investment trust dividend heroes
