Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInterserve Share News (IRV)

  • There is currently no data for IRV

Inmarsat set for FTSE demotion in quarterly review

Tue, 31st May 2016 10:19
(ShareCast News) - Satellite communications company Inmarsat could be pushed out of the FTSE 100 by Hikma Pharmaceuticals in June, according to the FTSE Russell.Changes from the latest quarterly review of the FTSE 100, to be announced on Wednesday, will take place on Friday 17 June.Earlier this month, Inmarsat shares tanked after it cut its full-year revenue guidance by $50m to a range of $1.175bn - $1.250bn amid an ongoing recession in global maritime and energy markets.The company said first-quarter earnings before interest, tax, depreciation and amortisation fell 6% to $166.2m, while revenue for the quarter fell 2% from the previous year to $298.6m.Hikma was knocked out of the FTSE 100 back in March and replaced by Mediclinic International, the private healthcare group known as Al Noor before it merged with Mediclinic in February.Interserve, Jimmy Choo, Northgate and Melrose Industries were among the FTSE 250 companies at risk of being demoted to the FTSE Small Cap Index.Countryside Properties, Metro Bank and CMC Markets, meanwhile, were among those that could be added to the FTSE 250.

Related News

LONDON MARKET CLOSE: FTSE 100 slumps as US strikes test peace optimism
28 May 2026

LONDON MARKET CLOSE: FTSE 100 slumps as US strikes test peace optimism

(Alliance News) - The FTSE 100 closed lower on Thursday with hopes for peace between the US and Iran hanging in the balance as new reports of deal pro...

WINNERS & LOSERS: Defence stocks up; PPHE Hotel jumps on takeover bid
28 May 2026

WINNERS & LOSERS: Defence stocks up; PPHE Hotel jumps on takeover bid

(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Thursday.

LONDON BROKER RATINGS: Mediobanca ups BAE; Berenberg says 'buy' Aviva
28 May 2026

LONDON BROKER RATINGS: Mediobanca ups BAE; Berenberg says 'buy' Aviva

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Interserve News

Interserve Reaches Milestone On GBP291.6 Million Financing Agreement
21 Mar 2018

Interserve Reaches Milestone On GBP291.6 Million Financing Agreement

LONDON (Alliance News) - Interserve PLC said on Wednesday that it reached an agreement with lenders and other financial stakeholders on major commerci...

British outsourcer Interserve agrees new funding deal
21 Mar 2018

British outsourcer Interserve agrees new funding deal

March 21 (Reuters) - British construction and services company Interserve said on Wednesday it reached an agreement in principle with its creditors wh...

Interserve wins £65m contract with Network Rail
6 Feb 2017

Interserve wins £65m contract with Network Rail

(ShareCast News) - Support services and construction group Interserve has won a new five-year facilities management contract with Network Rail worth £...

Interserve trading in line, on track for FY
11 Jan 2017

Interserve trading in line, on track for FY

(ShareCast News) - Support services and construction group Interserve said trading in the year to the end of December was in line with its previous gu...

Interserve gets termination notice on Glasgow energy project
15 Nov 2016

Interserve gets termination notice on Glasgow energy project

(ShareCast News) - International support services and construction group Interserve has been served notice of the termination on its Glasgow Recycling...

Interserve wins FM contract with six government departments
14 Nov 2016

Interserve wins FM contract with six government departments

(ShareCast News) - Interserve, an international support services and construction group, has secured a £40m, five-year facilities management account w...