Biffa knocked by China rule change

Yorkshire Post - Business - - BUSINESS -

PLUNGE: Shares in waste re­cy­cling group Biffa plunged as much as 14 per cent lower af­ter warning over the im­pact of re­cy­cling rules changes in China.

Chi­nese reg­u­la­tions now en­force strict qual­ity re­stric­tions on im­ports, in­clud­ing types of card­board, mixed pa­per and an out­right ban on plas­tics. Biffa said “in the near term we ex­pect these head­winds to per­sist”.

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