13 Aug 2015 08:37
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Don't have an account? Click here to register.Interserve gets termination notice on Glasgow energy project
Tue, 15th Nov 2016 14:30
(ShareCast News) - International support services and construction group Interserve has been served notice of the termination on its Glasgow Recycling & Renewable Energy project by Viridor.The company said it is now "assessing the implications of this development" with its legal advisers and will issue a further update in due course.In a trading update back in May, Interserve said it had been hit by a further deterioration in its Glasgow energy-from-waste contract.It said at the time that the issues related to the design, procurement and installation of the gasification plant, together with continuing challenges with the supply chain and the group expected to take a £70m exceptional contract provision in the first half of this year as a result.In August, the company said it had decided to exit the energy-from-waste market amid a deteriorating outlook.Interserve was awarded the contract with Viridor, which is part of Pennon Group, back in July 2012.At 1443 GMT, the shares were down 11% to 329.19p.
More News
12 Aug 2015 16:12
FTSE 250 movers: Gold miners lifted as mid-caps trip on China's currency fiddling
(ShareCast News) - The FTSE 250 tumbled in early trading and by the close of the session was down 1.3% at 17,438.09 points. There were a few stocks in positive territory, however, with a three-week haven-inspired high in gold prices helping gold-miners Centamin and Acacia Mining top the second-line
Read more12 Aug 2015 08:21
UPDATE 1-Interserve warns that higher wage bill could stall growth
(Adds CEO comment, analyst, share price) LONDON, Aug 12 (Reuters) - British support services and construction company Interserve expects a rise in Britain's minimum wage to hit profit next year, it said on Wednesday, sending its shares down 4 percent on the potential for growth to stall fo
Read more12 Aug 2015 08:05
BUZZ-Interserve: Minimum wage impact hurts stock
** Support services and construction firm Interserve falls 5.8 pct, among top losers on FTSE midcap index ** Higher minimum wage would hurt margins by about 10-15 mln stg in 2016, co said ** Co also posted a 12 percent rise in H1 profit ** Worst day for stock in 8 mths, at leve
Read more12 Aug 2015 07:33
Interserve interim profits jump but minimum wage will hit margins
(ShareCast News) - Support services and construction group Interserve posted a 19% rise in first-half pre-tax profit and said it remained confident of further growth for the remainder of this year, albeit with the higher minimum wage likely to hit margins. Pre-tax profit for the six months ended 30
Read more12 Aug 2015 06:19
Interserve confident of growth after H1 profit rises 12 pct
LONDON, Aug 12 (Reuters) - British support services and construction firm Interserve posted a 12 percent rise in half-year profit and said it was confident of future growth as demand in its main markets continued to strengthen. The company identified the recently announced higher minimum wa
Read more12 Aug 2015 05:12
11 Aug 2015 15:14