3 May 2016 06:13
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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
19 Apr 2016 13:51
Tuesday broker round-up
(ShareCast News) - Telecom Plus: Berenberg downgrades to hold with a target price of 1000p and Finncap reiterates buy with a 1225p target. Greggs: Berenberg upgrades to hold with a target price of 1020p. Zoopla: Credit Suisse reiterates outperform with a target price of 340p. Plus500: Berenberg st
Read more18 Apr 2016 07:38
Interserve wins $230m defence contract
(ShareCast News) - Interserve was celebrating a major contract win on Monday, having been awarded a five year, £230m contract with the Ministry of Defence's Defence Infrastructure Organisation to provide facilities services to the United States Air Force's UK estate. The FTSE 250 support services an
Read more24 Mar 2016 16:10
24 Feb 2016 07:31
Interserve's full year profit up 28%
(ShareCast News) - FTSE 250 support services and construction group Interserve reported a jump in profit and revenue for the year ended 31 December and lifted its dividend, although it forecast a flat 2016. Pre-tax profit rose 28% to £79.5m, as revenue grew 10% to £3.2bn. Meanwhile, operating profit
Read more24 Feb 2016 07:23
Interserve profit rises, could sell equipment services unit
LONDON, Feb 24 (Reuters) - British support services and construction company Interserve reported a 12 percent rise in full year operating profit and forecast that 2016 could be flat, as it said it could sell its Equipment Services unit. Interserve reported headline total operating profit of
Read more17 Feb 2016 16:02