1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192 
demerges Biffa
13th April 2006, Page 13
13th April 2006
Page 13
Page 13, 13th April 2006
— demerges Biffa
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
WASTE MANAGEMENT company Biffa is to be `demerged" from its parent company Severn Trent and floated on the stock market.
Just days after denying speculation that it was planning to sell its waste arm (CM 30 March), Severn's chief executive, Colin Matthews, revealed that it was to undo a diversification deal dating back to 1991. This will create two separately listed companies, Severn Trent Plc and Biffa Plc."
Biffa is expected to be in the FTSE 250. A trading update for Biffa, released at the same time as the demerger announcement, reveals that it expects lo see an 8% improvement in pre-tax profits for the first half of 2005/06. Full year profits should grow by up to 15%. christoplier.tilidall@rbi.co.uk
Tags
People:
Colin Matthews