3 May 2016 06:13
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Don't have an account? Click here to register.Interserve sells scaffolding, industrial business for £3.6m
Tue, 02nd Oct 2018 10:40
(Sharecast News) - Support services and construction group Interserve said it was selling Infrastructure and Industrial access and hard services business (IISL) to Enigma Industrial Services Holdings for £3.6m in cash, but at a loss of £8.4m.Interserve said there was the potential for a further £1m subject to IISL achieving certain financing targets for the financial years 2018 and 2019. The sale concludes Interserve's exit from its industrial contracting activities. IISL provisided scaffolding to housebuilders and other contractors as well as its insulation and painting services to large industrial sites.For the year ended 31 December 2017, IISL reported an operating loss of £4m and had gross assets of £47.3m. The Transaction will result in a loss on disposal of £8.4m. The sale proceeds will be used to reduce the group's debt.
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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