6 May 2016 16:00
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Don't have an account? Click here to register.Interserve wins FM contract with six government departments
Mon, 14th Nov 2016 09:11
(ShareCast News) - Interserve, an international support services and construction group, has secured a £40m, five-year facilities management account with six central government departments.The account, known as the 'Affiliate cluster' covers the Cabinet Office, the department for International Development, the Food Standards Agency, the Government Actuary's Department, the Health and Safety executive and the Office for Standards in Education, Children's Services and Skills.It is the first time all six departments' facilities management services will be handled by a single provider. Through this deal the company hopes to achieve annual double digit cost savings across all departments.The contract was awarded through the Crown Commercial Services Framework Agreement for Facilities Management Services. It will see the company deliver a broad range of services such as security, catering, front-of-house, as well as mechanical and electrical maintenance. Interserve chief executive Adrian Ringrose said: "We have excellent relationships in central government and are very pleased to be expanding this partnership into new departments. We feel that our extensive experience of delivering diverse, complex facilities management services for government makes us the ideal partner for this combined contract."Chief executive of the civil services John Manzoni said bringing the support services contract together under a single overarching account should deliver significant benefits for each department and for the government as a whole."We will achieve consistent service level across the estate whilst bringing savings; ensuring we are delivering real value to taxpayers."The share price rose 3.69% to 372.50p at 0954 GMT on Monday.
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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
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