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Interserve hit by Glasgow energy-from-waste contract problems

Fri, 06th May 2016 06:16

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)


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