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Just keep topping up whilst it’s this low, you will look back and think why didn’t I invest more GLA
Probably doesn’t mean a lot but the axe has fallen on a few of Interserves subsidiaries this week, all works being outsourced so reducing outlay
Interserve are part of the
Winners named for £12bn Government FM framework
INTERSERVE WINS £35 MILLION CONTRACT WITH BARKING, HAVERING & REDBRIDGE UNIVERSITY HOSPITALS NHS TRUST
New £2.5m contract helps Instant rethink workspace 13 June 2018 On Wednesday 13th June, we announced a new two-year partnership with The Instant Group to provide flexible workspaces across England, Scotland and Northern Ireland. As part of this contract – worth £2.5 million and covering 13 of Instant’s flexible offices - we will deliver a consolidated service solution to bring consistency and deliver a high-quality experience to Instant’s customers. It will provide cleaning services, including window cleaning, pest control and washroom hygiene and consumables. This win builds on the long and successful relationship we have with Instant, which began back in 2010. Jeff Flanagan, Managing Director – Commercial, Support Services, said: “Instant takes the pain out of finding flexible, high-quality workspaces so that their customers can concentrate on doing what they do best. Having a facilities partner who can seamlessly fit into this model, to provide the first-rate experience that its client demands is vital to the company’s offer. “Over the past seven years we’ve developed valuable insight into Instant’s business, and I’m confident that we’ll continue to deliver a tailored and responsive service that supports its commercial offer and the needs of its customers.” Matt Turner, supply chain director at the Instant Group, said: “Offering a seamless working environment to our customers is our priority. Interserve has proven that it has both capability and scale to support this across the UK and we look forward to growing our relationship with them.”
Wouldn't say a REVOLT 17% against 72%!?! And 99% voted for Debbie to stay! Has the Enquirer got it in for us? Interserve sees shareholder revolt over chief’s pay Interserve has become the latest firm to see investor protests over top executive pay. Chief Executive Debbie White received maximum bonus for first four months of turnaround work at struggling group More than 17% of votes cast at the firm’s annual general meeting yesterday were against executive pay packets for last year. Advisory firm Glass Lewis had recommended a vote against chief executive Debbie White’s £525,900 salary and benefits package in the four months since joining the company at the start of September to the end of 2017. Her package included a salary of £216,670 and a bonus of £270,000 – the maximum offered under the senior executive bonus scheme which can pay out up to 125% of salary. The rest of her pay packet covered pension contributions and other benefits. Mark Whiteling, who joined as finance director a month later on 1 October, earned £101,250 and a maximum bonus payout of £126,562 taking his total package including total taxable benefits and pension payments to £246,430 over three months. White’s salary in 2018 will be £680,000, while Whiteling’s will be £405,000. Aaron Morby Written by Aaron Morby 5 mins ago To share a story email aaron.morby@constructionenquirer.com always off the record To advertise contact jenny.martin@constructionenquirer.com Latest news Interserve sees shareholder revolt over chief’s pay More than 17% of shareholders vote against executive remuneration report 3 mins ago Gatwick ramps up five-year spend to £1.1bn Total investment since airport changed hands rises to £3.14bn 7 hours ago BAM to start main build on £50m Cardiff student centre Construction to start this year on Centre for Student Life 2 mins ago Betting Spy: Spain to reign at World Cup Spain to edge out Brazil in final while England can have a bold run to the quarter finals 10 hours ago Aston Villa shift training ground to make way for HS2 O'Brien appointed to pave way for construction of new pitches 18 mins ago O’Brien Contractors Ltd Demolition to start for £22m Bristol student block Work set to start on 9-storey Redcliffe Quarter student building 1 min ago Crest Nicholson pulls back from London market Crest to focus on costs and procurement after operating margins slide 18 hours ago Caddick to build £41m Manchester car showroom Construction starts this week on new car retail centre for the Williams Group 16 hours ago Boost your online presence – join the new Enquirer Directory New site for suppliers and buyers will showcase their products, services and latest stories 1 month ago Interserve hopes for £170m prison start this year Ministry of Justice says HMP Gl
The Ministry of Justice is aiming to give Intereserve the go-ahead to start work on its �170m Glen Parva prison in Leicestershire before the end of the year. Demolition of the existing Glen Parva youth offenders prison has started and the Ministry of Justice is preparing for final business case approval on the project. Interserve has now submitted reserve matters planning for the vast project, which would boost the group at a key time as it battles with its mountain of debts. The prison will accommodate 1,600 adult male inmates. It will be designed and constructed to Category C Working Prison Standard for prisoners who �require a secure, enclosed environment and do not have the desire to breach security conditions� A spokeswoman for the Ministry of Justice said that depending on full planning the guidance was to start work on the new prison in late 2018/early 2019.
The Construction division of Interserve has been awarded a new contract for the refurbishment and upgrade of Rotherham Interchange for South Yorkshire Passenger Transport Executive (SYPTE). The contract will be delivered by our Yorkshire Regional Building office. The �12 million scheme will see improvements to the bus station in Rotherham town centre which include the installation of new lighting, glazing, seating, flooring, CCTV and Passenger Information Displays. The scheme will also involve repairs and upgrades to the car park including new cladding, surfacing, the provision of larger spaces for modern cars, electric vehicle charging points as well as improved pedestrian routes.
We are pleased to announced that we have been awarded a two year contract extension to provide total facilities management services for London local authority, Southwark Council worth over �10 million. This contract builds upon our longstanding and wide-ranging relationship with Southwark Council, providing facilities services to the Council for five years.
http://www.interserve.com/news-media/press-releases/press-release
We are a successful, growing, international business: a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. Find out more about what it’s like to work for Interserve. Twitter extract I’m very positive
To all you investing (because that’s what it is) in this very organised and well established company that spans more than we have been alive, have a good weekend that starts tomorrow!
Cat- I don’t know where you are being misinformed from but that is totally incorrect! Unless you are DW?
You only copy and paste the bad bits!?! But Mr Salama said that 13 countries in the region were boosting border screening measures and said DR Congo itself was increasing exit screening measures. "The good news is that the DR Congo population is very used to Ebola outbreaks. They know to protect themselves by avoiding mass gatherings and mass funerals. They know as well that traditional healers can amplify the outbreak," he added. An experimental vaccine has arrived in the country Observers described the international response so far as "remarkable and very rapid".
On Wednesday 16th May, Interserve Procurement is changing. For the first time across Citizen Services and Projects, Construction, Group Centre and Support Services (in the UK), we�re coming together to change the way we�re buying our goods and services for teams and clients across Interserve so it�s standardised and more cost-effective. Now we have our long-term refinancing agreed, it�s critical that through the Fit for Growth Programme we continue to reduce our costs to meet our financial commitments to our lenders. As Debbie White has shared, we can�t continue the way we are, we have to change. The way we procure our goods and services at Interserve plays a key role in driving this new �one Interserve� way of working.
Very informative Dr Thank you 😊
Further to the exercise of 4,005,818 warrants that were issued by Interserve Plc (the "Company") in connection with its refinancing announced on 27 April 2018, the Company announces that it has issued 4,005,818 ordinary shares representing approximately 2.68 per cent of the Company's enlarged ordinary share capital. Accordingly, as at today's date, the Company's issued share capital with voting rights consists of 149,719,938 ordinary shares of 10 pence. The Company does not hold any shares in Treasury. The figure of 149,719,938 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. To date, the Company has issued 4,005,818 ordinary shares as a result of the exercise of warrants, representing approximately 2.68 per cent of the Company's enlarged ordinary share capital. Of these, no warrants have been exercised on a cashless basis and 4,005,818 warrants have been exercised in cash. Following the warrant exercise referred to in this announcement, 32,422,712 warrants, which, if exercised, would result in the issue of 32,422,712 ordinary shares, remain outstanding as at today's date.
In the lead up to the Royal wedding of Prince Harry and Meghan Markle, Interserve is preparing Windsor Castle to sparkle for the event of the year. Earlier this year Interserve won a three-year contract to provide facilities management services to the Royal household estate. The new contract will deliver cleaning services to one of the official residences of Her majesty the Queen and Prince Philip, and the venue where Prince Harry will marry Meghan Markle on Saturday 19 May, Windsor Castle. As part of the account Interserve will also provide cleaning services for Hampton Court Palace too. New cleaning tools and methodologies are being introduced across the royal estate to help create the best possible customer experience for its visitors. Martin Burholt, Managing Director for Communities said, �The Royal household property portfolio is one of the world�s most prestigious estates, and the first impression that its visitors have is vital in reinforcing its grandeur. �We will deliver an outstanding level of service to both Windsor Castle and Hampton Court Palace, helping to enhance a great experience for all.�
That’s what it used to be called :-)