Augean cleans up in the first quarter

Waste management specialist Augean (LON:AUG) has seen its share price shoot up by 15.22% to 106p (as of 15:25 BST) after it updated profit forecasts for the year ending 31st December. The company said that a stronger than forecast performance during the first quarter meant that full year results would be materially ahead of prior expectations.

The AIM-listed company said that higher landfill volumes across most waste categories as well as higher radioactive waste margins and the North Sea business had helped drive the improvement.