- Waste management group Biffa booked a 20% fall in first-half profit after margins were shrunk by lower commodity prices and higher labor costs.

Pre-tax profit for the six months through September fell to £19.0m, even as revenue rose 2.7% to £549.2m.

The company's underlying operating margin fell to 7.4%, down from 8.1%.

It declared an interim dividend of 2.30p per share, up 6% on-year.

'Biffa has delivered a solid first-half set of results, despite a number of expected external headwinds and our expectations for the full year remain unchanged,' chief executive Michael Topham said.

At 2:19pm: [LON:BIFF] Biffa Plc share price was -10.5p at 217.5p

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