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Interserve trading in line, on track for FY

Wed, 11th Jan 2017 08:59

(ShareCast News) - Support services and construction group Interserve said trading in the year to the end of December was in line with its previous guidance and expectations for the full year are unchanged.The company expects strong international construction and equipment services results will broadly offset a disappointing performance in UK construction.As at 31 December, the net debt position for the group was expected to be better than previously guided at between £270m and £280m, driven by strong collections and other working capital measures offsetting an increased level of cash outflows from the exited energy from waste business.Back in August, the company announced that it was exiting the energy from waste business industry, pointing to issues such as continuing supply chain challenges. At 0915 GMT, the shares were up 8% to 342.25p.
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21 Sep 2016 07:19

Interserve joint venture awarded UAE mall contract

(ShareCast News) - Interserve announced on Wednesday that its construction joint venture Khansaheb has been awarded an £81m contract by Middle East developer Majid Al Futtaim, to expand and upgrade the City Centre Ajman mall in the United Arab Emirates. The London-listed firm said that under the con

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21 Sep 2016 06:49

Interserve Joint Venture Wins GBP81 Million Contract In Middle East

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19 Sep 2016 08:21

Interserve extends contract with Environment Agency

(ShareCast News) - Support services and construction company Interserve won a two-year extension to its contract with the Environment Agency, worth an extra £11m. Interserve, which first partnered with the Environment Agency in 2013 to provide facilities services including maintenance, cleaning and

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8 Sep 2016 15:12

UK Dividends Calendar - Next 7 Days

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24 Aug 2016 06:46

Interserve Wins GBP17 Million Contract With University Of York

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19 Aug 2016 12:06

INVESTMENT FOCUS-Investors see British infrastructure getting stimulus boost after Brexit

* Bets rise on infrastructure as next UK stimulus * Investors look to add to holdings in the sector By Alasdair Pal LONDON, Aug 19 (Reuters) - UK infrastructure funds are hitting record highs on the prospect of more government spending after Britain's vote to leave the European

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12 Aug 2016 08:29

BROKER RATINGS SUMMARY: Merrill Lynch Upgrades Tullow Oil To Buy

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11 Aug 2016 08:35

BROKER RATINGS SUMMARY: Barclays Cuts Travis Perkins To Underweight

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10 Aug 2016 07:50

Interserve rebounds as interim results show progress

(ShareCast News) - Interserve lifted its interim dividend after a solid six months' trading, cutting debt as it looks to exit from the lossmaking Energy from Waste (EfW) business. Revenue in the six months to 30 June of £1.63bn was 2.4% higher than the same period last year and, excluding the £70m e

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10 Aug 2016 07:33

LONDON MARKET OPEN: G4S And Entertainment One Lead Mid-Cap Gainers

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8 Aug 2016 07:10

Interserve secures BBC security contract extension

(ShareCast News) - Support services and construction group Interserve has been awarded a two-year extension of its contract to provide security services to the BBC worth more than £20m. Interserve has been providing the BBC with security services since 2014, when it was awarded the company's Nationa

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8 Jul 2016 09:01

BROKER RATINGS SUMMARY: Property Stocks Continue To Receive Downgrades

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1 Jul 2016 08:51

BROKER RATINGS SUMMARY: Berenberg - Buy Dignity; Liberum - Buy Genus

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1 Jul 2016 07:24

LONDON BRIEFING: Carney Lifts Brexit Blues With Policy Assurance

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30 Jun 2016 08:44

BROKER RATINGS SUMMARY: Reckitt Liked By JPMorgan, Macquarie And HSBC

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