Shanks rises on robust trading

Shanks Group shares rose 2.7 per cent yesterday after the waste management firm said it had been trading robustly in the year to the end of March. The group said it will book £32m in impairment and restructuring charges for the year as part of its cost-cutting drive, along with a £19m goodwill charge previously announced. Its full-year results are set to be in line with forecasts, and Shanks’ cash performance is ahead of the board’s expectations.