Biffa cuts share price to secure London listing

Biffa cuts share price to secure London listing

Waste management group Biffa has slashed the price of its shares to keep its stock market listing on track.
The firm said shares would be sold at 180p each, up to a third less than the expected price range of 220p to 270p.
Biffa chief executive Ian Wakelin said the stock market listing was "a significant milestone" for the company.
The UK's second-largest waste management group, which employs more than 7,000 staff, announced plans for the flotation in September.
The 100-year-old company has not had its shares listed on the stock market since 2008, when it was bought by a group of... read more

17 October 2016 in Business, Views: 41
Source: BBC

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