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Interserve Share News (IRV)

Interserve Information

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BUZZ-Interserve: worst day in 13.5 yrs on exceptional H1 charge

Fri, 06th May 2016 07:21

** Interserve -21%, on track for worst day sincelate 2002 & top after British support services and constructioncompany takes 70 mln stg H1 charge

** Co says has been hit by cost overruns and delays in aenergy-from-waste contract in Glasgow; sees H1 & FY net debt 35mln stg higher than previous guidance

** Estimates under review and actually could go either way,Liberum says, hiking net debt est by c.10% to 347 mln stg & by70 mln stg to 360 mln stg in 2017

** Nearly half of 30-day avg vol through in first 10 mins

** 2017 net debt/EBITDA of 2.3x, makes prospect of capitalreturns or acquisitions less likely, Liberum adds

More News

15 Jan 2019 09:54

Public sector outsourcing rocket 53% in 2018 despite struggles

(Sharecast News) - GMB union has launched the Go Public campaign to reduce the outsourcing of public services which has risen by 53% in 2018 despite the struggles of many operators in the market and the Carillon collapse last year.

21 Dec 2018 07:43

Interserve and lenders agree terms for debt-for-equity swap

(Sharecast News) - Interserve has negotiated the main terms of a debt-for-equity swap with its lenders, with a portion of new shares offered to existing and new investors through a public offering.

12 Dec 2018 09:57

One third of government's expenditure goes to external suppliers

(Sharecast News) - The UK government spends around one third (£284bn) of its total budget with private companies and could risk being unable to abandon current procurement arrangements even if politicians so wished, a new report has found.

10 Dec 2018 16:59

LONDON MARKET CLOSE: Brexit Vote Uncertainty Hits Pound, Housebuilders

LONDON (Alliance News) - Sterling sank on Monday as Brexit uncertainty was prolonged with the delay of a crunch House of Commons vote on Prime Minister Theresa May's controversial withdrawal a

10 Dec 2018 12:04

LONDON MARKET MIDDAY: Pound Down As UK Growth Slows, Brexit Vote Looms

LONDON (Alliance News) - Sentiment among equities investors was subdued in London on Monday following weak economic data out of China over the weekend, but the foreign-earner heavy FTSE 100 index

10 Dec 2018 10:59

WINNERS & LOSERS SUMMARY: Just Group Jumps 23% On Regulatory Decision

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------NMC up The

10 Dec 2018 08:49

LONDON MARKET OPEN: Trade Fears And Weak China Data Sends Stocks Lower

LONDON (Alliance News) - Share prices in London opened lower Monday, following a string of weak economic data from the US, China and Japan and ahead an key week for UK politics and a European Bank

10 Dec 2018 07:52

Interserve crashes to new low as banks discuss debt swap

(Sharecast News) - Interserve said it was in talks with its banks about converting a "substantial proportion" of its debt pile into new equity, sending its shares crashing more than 70% on Monday morning.

10 Dec 2018 06:52

Interserve Confirms Deleveraging Plan To Result In "Material Dilution"

LONDON (Alliance News) - Interserve PLC on Sunday said it continues to trade in line with its expectations for 2018 and intends to publish its finalised deleveraging plan in early 2019.The

8 Dec 2018 11:30

PRESS: Interserve Shareholders Face Wipe Out From New Debt Talks - FT

LONDON (Alliance News) - Shareholders of Interserve PLC could lose everything under the terms of a rescue finance plan being discussed between the outsourcing firm and creditors, the Financial to

23 Nov 2018 10:36

WINNERS & LOSERS SUMMARY: Flybe Up 37% On Virgin Atlantic Bid Report

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 1.1%. The budget airline rose after Sky is

23 Nov 2018 10:22

Interserve disappoints on debt guidance

(Sharecast News) - Interserve, the construction and services company, said net debt would swell more than expected this year but maintained targets for cost-cutting and "significant" profit growth.

23 Nov 2018 08:40

Interserve Expects Higher Operating Profit Despite Construction Loss

LONDON (Alliance News) - Interserve PLC said Friday it expects to record a significant improvement in operating profit for 2018, although its UK construction business is likely to post a small the

23 Nov 2018 07:50

LONDON MARKET PRE-OPEN: Ibstock Sells US Unit; Indivior Gets Approval

LONDON (Alliance News) - London share prices are seen opening marginally lower on Friday which would add to a sharp fall on Thursday, as lingering concerns over global growth continued to weigh on

2 Oct 2018 10:40

Interserve sells scaffolding, industrial business for £3.6m

(Sharecast News) - Support services and construction group Interserve said it was selling Infrastructure and Industrial access and hard services business (IISL) to Enigma Industrial Services Holdings for £3.6m in cash, but at a loss of £8.4m.