Waste collection company Biffa is planning a return to the London Stock Exchange next month. The company has published details of an October listing, which would value the company at around £270m. It is looking to raise the additional funds to grow organically but also act as a consolidator in the fragmented UK waste sector. Biffa was taken private in 2008, having been demerged from Trent Water and listed two years earlier. It has, in its industrial and commercial division, […]
Manchester bin drivers are voting on whether to strike after rejecting an “insulting” pay offer of 1.75% from employer Biffa. The bin strike ballot opened today (29 March), after extensive negotiations with the waste management company failed to deliver a resolution. The drivers are demanding an increase in wages above what union Unite has described as Biffa’s “insulting” offer of 1.75%. Both Unite and GMB argue that Biffa, which posted £26m in pre-tax profits last year, is a private company […]
Biffa’s acquisition of Specialist Waste Recycling (SWRNewstar), announced today (12 March), has raised questions about the future of the firm’s national network of haulage subcontractors.