6 May 2016 16:00
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Interserve Share News (IRV)
IRV Share
Price
IRV Share
News
IRV Share
Chat
IRV Share
Trades
IRV
Live RNS
IRV Share
Charts
IRV Broker
Ratings
IRV Directors
Deals
IRV Financial
Diary
IRV
Fundamentals
IRV Short
Positions
IRV
Media
Interserve Information
- There is currently no data for IRV
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Interserve to keep equipment services business
Mon, 10th Oct 2016 07:41
(ShareCast News) - Support services and construction group Interserve has decided to keep its equipment services business RMDK following a strategic review kicked off in February.Interserve concluded that it remains the best owner of RMDK and that retaining it as a core part of the group with an updated strategy best maximises value creation for its shareholders.The company said the business, which contributed 32% of total operating profit in 2015, provides an important element of diversification to the rest of the group's predominantly UK-based earnings profile."Whilst some of our end markets face some near term uncertainty, the structural drivers for global infrastructure remain strong. This, together with our proven ability to identify and respond as market demand shifts globally, underpins our confidence in the medium-term outlook and in the business's ability to deliver sustainable margins above 20%, as we have previously guided."Interserve said its strategy for the business will focus around strengthening its positions where it has market leadership, through disciplined investment and operational excellence and driving its use of digital technology to differentiate further its engineering-led customer value proposition.In addition, the group said it will restructure operations in a number of smaller, less attractive markets.Non-recurring charges associated with the actions will be around £17m, of which the cash outflow in the next 12 months will be approximately £5m.RMDK solves complex engineering problems for its customers through the application of design and logistics capabilities, backed up by an extensive fleet of specialist equipment.
More News
6 May 2016 12:12
Broker tips: Interserve, Shire, Man Group
(ShareCast News) - Numis has placed its rating and target price on Interserve 'under review' after the company highlighted contractual issues. Interserve said expectations for its UK construction division have taken a significant hit due to a further deterioration in its Glasgow energy from waste co
Read more6 May 2016 10:40
Numis places Interserve 'under review'
(ShareCast News) - Numis has placed its rating and target price on Interserve 'under review' after the company highlighted contractual issues. Interserve said expectations for its UK construction division have taken a significant hit due to a further deterioration in its Glasgow energy from waste co
Read more6 May 2016 07:44
Interserve to take £70m hit from Glasgow waste contract
(ShareCast News) - Interserve tumbled on Friday after saying expectations for its UK construction division have taken a significant hit due to a further deterioration in its Glasgow energy from waste contract. As a result of issues relating to the design, procurement and installation of the gasifica
Read more6 May 2016 07:21
BUZZ-Interserve: worst day in 13.5 yrs on exceptional H1 charge
** Interserve -21%, on track for worst day since late 2002 & top after British support services and construction company takes 70 mln stg H1 charge ** Co says has been hit by cost overruns and delays in a energy-from-waste contract in Glasgow; sees H1 & FY net debt 35 mln stg higher than pr
Read more6 May 2016 06:16
Interserve hit by Glasgow energy-from-waste contract problems
LONDON, May 6 (Reuters) - British support services and construction company Interserve plc said it had been hit by cost overruns and delays in a energy-from-waste contract in Glasgow, resulting in it taking a 70 million pound ($101 million) charge in its first half. The company said on Frid
Read more5 May 2016 10:18
Steven Dance stepping down from Interserve
(ShareCast News) - Support services and construction group Interserve announced on Thursday that Steven Dance - executive director and managing director of equipment services - was to retire. The FTSE 250 firm said that during his notice period, Dance will continue to support the group in a number o
Read more3 May 2016 15:16
3 May 2016 07:57
Interserve JV wins £46m water contract
(ShareCast News) - Interserve's joint venture with process engineering firm Doosan Enpure has been awarded a £46m contract by Northumbrian Water to upgrade the Horsley water treatment works in the Tyne Valley. During the 30-month contract, the FTSE 250 support services and construction group will bu
Read more