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Interserve hit by Glasgow energy-from-waste contract problems
LONDON, May 6 (Reuters) - British support services andconstruction company Interserve plc said it had been hitby cost overruns and delays in a energy-from-waste contract inGlasgow, resulting in it taking a 70 million pound ($101million) charge in its first half.
The company said on Friday that net debt was expected to bearound 35 million pounds higher than guided at both the halfyear and the full year as a result.
($1 = 0.6910 pounds) (Reporting by Paul Sandle; editing by Sarah Young)
Latest IRV News
- Interserve wins ?7.6m contract with Department for Education
9 Sep 2019 - FRC launches probe into Grant Thornton's audits of Interserve
11 Apr 2019 - Interserve's support services arm attracts Mitie, Serco
18 Mar 2019 - CORRECT: Mitie Mulls Purchase Of Interserve Support Services Unit
18 Mar 2019 - PRESS: Mitie Mulls Purchase Of Interserve Support Services Unit - Sky
18 Mar 2019 - UPDATE: Interserve Completes Sale To Lenders Amid Administration
15 Mar 2019 - LONDON MARKET CLOSE: Brexit Relief Pushes Stocks Higher For The Week
15 Mar 2019 - UPDATE: Interserve Shareholders To Get Nothing In New Alternative Plan
15 Mar 2019
Related News
Interserve wins ?7.6m contract with Department for Education
(Sharecast News) - Outsourcer Interserve has won a £7.6m contract with the Department for Education (DfE) to design and build a special education...
FRC launches probe into Grant Thornton's audits of Interserve
(Sharecast News) - The Financial Reporting Council has launched an investigation into Grant Thornton's audit of outsourcer Interserve's financial stat...
Interserve's support services arm attracts Mitie, Serco
(Sharecast News) - Mitie and Serco are among interested suitors for a single part of Interserve, after their fellow oursourcer called in the administr...
Interserve News
Interserve wins ?7.6m contract with Department for Education
(Sharecast News) - Outsourcer Interserve has won a £7.6m contract with the Department for Education (DfE) to design and build a special education...
FRC launches probe into Grant Thornton's audits of Interserve
(Sharecast News) - The Financial Reporting Council has launched an investigation into Grant Thornton's audit of outsourcer Interserve's financial stat...
Interserve's support services arm attracts Mitie, Serco
(Sharecast News) - Mitie and Serco are among interested suitors for a single part of Interserve, after their fellow oursourcer called in the administr...
CORRECT: Mitie Mulls Purchase Of Interserve Support Services Unit
(Correcting that Mitie is not a FTSE 250 index constituent.)LONDON (Alliance News) - Outsourcing company Mitie Group PLC is considering a takeover bid...
PRESS: Mitie Mulls Purchase Of Interserve Support Services Unit - Sky
LONDON (Alliance News) - Outsourcing company Mitie Group PLC is considering a takeover bid for the biggest division of troubled support services firm ...
UPDATE: Interserve Completes Sale To Lenders Amid Administration
LONDON (Alliance News) - Troubled support services firm Interserve PLC said after the market close Friday it had entered administration and been sold ...
LONDON MARKET CLOSE: Brexit Relief Pushes Stocks Higher For The Week
LONDON (Alliance News) - Stock prices in London closed higher on Friday and for the week after UK legislators approved a move to extend the timeline f...
UPDATE: Interserve Shareholders To Get Nothing In New Alternative Plan
LONDON (Alliance News) - Interserve PLC said Friday its is to commence an alternative deleveraging plan with shareholders not expected to receive "any...
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