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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
- TOP NEWS: Interserve To Enter Bankruptcy Amid Placing Plan Voted Down (ALLISS)
15 Mar 2019 - Interserve to go into administration as rescue deal blocked
15 Mar 2019 - WINNERS & LOSERS SUMMARY: Wetherspoon Settles, Restaurant Group Soars
15 Mar 2019 - Interserve Raises Over GBP1 Million Following Warrants Exercise (ALLISS)
14 Mar 2019 - *Interserve Issues 11.6M Shares Following Exercise Of Warrants (ALLISS)
14 Mar 2019 - Interserve Confirms Talks Held With Coltrane Ahead Of Crunch Vote
11 Mar 2019 - UK Shareholder Meetings Calendar - Next 7 Days
8 Mar 2019 - LONDON MARKET CLOSE: FTSE 100 Outperforms As Pound Falls After UK PMI
5 Mar 2019
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Interserve News
TOP NEWS: Interserve To Enter Bankruptcy Amid Placing Plan Voted Down (ALLISS)
LONDON (Alliance News) - Troubled support services firm Interserve PLC said Friday it was preparing to enter administration and its shares were suspen...
Interserve to go into administration as rescue deal blocked
(Sharecast News) - Interserve is likely to go into administration on Friday evening and sell its entire business to its lenders after plans for a resc...
WINNERS & LOSERS SUMMARY: Wetherspoon Settles, Restaurant Group Soars
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS...
Interserve Raises Over GBP1 Million Following Warrants Exercise (ALLISS)
LONDON (Alliance News) - Interserve PLC on Thursday said it has raised GBP1.2 million following the exercise of warrants.The support services company ...
Interserve Confirms Talks Held With Coltrane Ahead Of Crunch Vote
LONDON (Alliance News) - Interserve PLC confirmed Monday that it has been in discussions with Coltrane Asset Management - which holds a 27% interest i...
UK Shareholder Meetings Calendar - Next 7 Days
Monday 11 MarchBlockchain WorldwideTuesday 12 MarchReact Russian 13 Investment 14 15
LONDON MARKET CLOSE: FTSE 100 Outperforms As Pound Falls After UK PMI
LONDON (Alliance News) - Concerns over the UK's economic growth following some subdued service sector data caused the pound to decline on Tuesday, in ...
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