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Article: The Investment Column: Bid may drag waste sector out of dumps
- Article from:
- The Independent (London, England)
- Article date:
- August 12, 1997
- Author:
CopyrightCopyright 1997 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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Whatever happened to Britain's waste management industry?
Lauded as one of the great green growth industries in the 1980's on
the back of increasing environmental awareness, investors have seen
a mixture of lack of demand and falling landfill prices combine to
drive down share prices of companies like Shanks & McEwan, Leigh
Interests and Caird.
That could be about to change. Yesterday's confirmation of a
possible bid for Leigh from General Utilities, the British arm of
French giant Compagnie Generale des Eaux, may signal a slow, but
sure turning point for the industry. The bid lifted Leigh's share
price 27.5p to 146.5p, valuing the company just short of pounds
98m.
Investors will be ...