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Investegate |Renewi plc Announcements | Renewi plc: Final Results


improved OUTLOOK FOR fy22
 
Renewi plc (LSE: RWI), the leading international waste-to-product business, announces its results for the year ended 31 March 2021.
 
Financial Highlights
Robust results reflect resilient business model, swift Covid-19 cost and cash action, and a significant improvement in the second half
Revenue from ongoing businesses flat and revenue from continuing operations down 5% to €1,694m1
Underlying EBIT from ongoing businesses 3% below prior year and above previous guidance at €73.0m1
Statutory profit of €11.0m compared to a loss of €77.1m in the prior year
Core net debt reduced to €344m from €457m last year, representing net debt to EBITDA of 2.2x ....

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Tesla's New Racetrack for Giga Berlin Cars Will Test Self-Driving Cars

Lausitzring is to become a test site for new Tesla models produced at Giga Berlin factory as talks are currently ongoing with the racetrack operator Dekra. What's especially interesting, is that Lausitzring racetrack will be capable to host self-driving cars for testing. ....

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New questions surround collapse of Halton Transport


New questions surround collapse of Halton Transport
New documents released under the Freedom of Information Act have raised further questions about the demise of one of Britain s last municipal bus companies
05:00, 14 MAR 2021
Halton Transport went bust last year, but there are still questions about the events leading up to its demise
New questions have been asked about the collapse of one of Britain’s last municipal bus companies after further details emerged about the firm’s last days.
Halton Borough Transport (HBT) went into liquidation last January with debts of more than £2m just a month after its accountants had signed the company off as a “going concern”, expected to last at least another year. ....

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