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United Kingdom

Interserve PLC (IRV.L)

IRV.L on London Stock Exchange

13.43GBp
14 Dec 2018
Change (% chg)

0.22 (+1.67%)
Prev Close
13.21
Open
14.00
Day's High
14.00
Day's Low
12.08
Volume
2,394,208
Avg. Vol
1,307,100
52-wk High
125.00
52-wk Low
6.50

Latest Key Developments (Source: Significant Developments)

UK Government To Continue Awarding Contracts To Interserve - FT
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - :UK GOVERNMENT TO CONTINUE AWARDING CONTRACTS TO INTERSERVE - FT.  Full Article

Interserve Awarded £17 Mln Contract
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - Interserve PLC ::BEEN AWARDED A £17M CONTRACT TO DELIVER CONSTRUCTION PHASE OF IMPROVEMENTS OF OBSTETRIC AND NEONATAL FACILITIES AT GLANGWILI HOSPITAL.  Full Article

Interserve To Announce Plans to Cut Debt In Early 2019
Friday, 23 Nov 2018 

Nov 23 (Reuters) - Interserve PLC ::3RD QUARTER UPDATE.YEAR-END NET DEBT EXPECTED IN RANGE OF £625M-£650M.OVERALL TRADING FOR 2018: STRONG PROFIT GROWTH IN-LINE WITH MANAGEMENT EXPECTATIONS.DELEVERAGING PLAN MOVING FORWARD FOR ANNOUNCEMENT IN EARLY 2019.FIT FOR GROWTH PROGRAMME ON TRACK TO DELIVER ITS TARGET OF £15M SAVINGS IN 2018.HAS CONTINUED TO TRADE IN-LINE WITH MANAGEMENT'S EXPECTATIONS DURING FIRST NINE MONTHS OF YEAR.GROUP EXPECTS A SIGNIFICANT OPERATING PROFIT IMPROVEMENT IN 2018, IN LINE WITH MANAGEMENT'S EXPECTATIONS.UK CONSTRUCTION HAS CONTINUED TO SEE REVENUE DECLINE IN PERIOD AND EXPECT UK CONSTRUCTION TO REPORT A SMALL LOSS IN SECOND HALF.COMPLETED A COMPREHENSIVE REVIEW OF ALL CONSTRUCTION PROJECTS IN UK AND CONFIRM THAT WE HAVE ADEQUATELY PROVIDED FOR ANTICIPATED LOSSES.ORDER BOOK FOR INTERNATIONAL BUSINESS, PARTICULARLY IN QATAR, CONTINUES TO BE LOWER THAN EXPECTED AT THIS TIME OF YEAR.EQUIPMENT SERVICES HAD A CHALLENGING FIRST HALF FOLLOWING COMPLETION OF MAJOR PROJECT ACTIVITY IN 2017..RISKS TO ENERGY FOR WASTE PROGRAMME REMAIN AND GROUP ENCOUNTERED SOME ADDITIONAL DELAYS IN Q3.CONTINUES TO EXPECT NET CASH INFLOW IN H2; INFLOW EXPECTED TO BE LESS THAN ANTICIPATED AT TIME OF HY REPORT AT CIRCA £15M.CONTINUES TO EXPECT TO BENEFIT FROM SIGNIFICANT FURTHER INSURANCE PROCEEDS ARISING FROM ENERGY FROM WASTE PROJECTS IN 2019.BOARD IS WORKING WITH ITS ADVISERS TO LOOK AT ALL OPTIONS TO DELIVER OPTIMUM CAPITAL STRUCTURE FOR BUSINESS.  Full Article

Interserve Awarded £5.6M Contract
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Interserve PLC ::HAS BEEN AWARDED A £5.6M CONTRACT.AWARDED CONTRACT FOR REDEVELOPMENT OF CEDARS ACADEMY.  Full Article

UBS Investment Bank Discloses 5.19 Pct Stake In Interserve
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Interserve PLC ::UBS INVESTMENT BANK DISCLOSES 5.19 PERCENT STAKE IN INTERSERVE PLC - FILING.  Full Article

Interserve Wins 13 Mln Pound CAMHS Construction Contract
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Interserve PLC ::APPOINTED TO CONSTRUCT NEW £13 MILLION CHILD AND ADOLESCENT MENTAL HEALTH UNIT FOR WEST YORKSHIRE AND HARROGATE HEALTH AND CARE PARTNERSHIP.  Full Article

Interserve Reports H1 Revenue 1.488 Bln Stg Vs 1.648 Bln Stg
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Interserve PLC ::NO INTERIM DIVIDEND.H1 REVENUE 1.488 BILLION STG VERSUS 1.648 BILLION STG YEAR AGO.FIRST-HALF TRADING PERFORMANCE WAS IN LINE WITH OUR EXPECTATIONS.H1 LOSS BEFORE TAX 6 MILLION STG VERSUS PROFIT OF 24.9 MILLION STG.  Full Article

Interserve Awarded 35 Mln Stg Contract
Thursday, 12 Jul 2018 

July 12 (Reuters) - Interserve PLC ::INTERSERVE WINS £35M CONTRACT.INTERSERVE WINS £35 MILLION CONTRACT WITH BARKING, HAVERING & REDBRIDGE UNIVERSITY HOSPITALS NHS TRUST.  Full Article

Interserve Says Awarded New Contract
Friday, 8 Jun 2018 

June 8 (Reuters) - Interserve PLC ::HAS BEEN AWARDED NEW CONTRACT FOR REFURBISHMENT AND UPGRADE OF ROTHERHAM INTERCHANGE FOR SOUTH YORKSHIRE PASSENGER TRANSPORT EXECUTIVE.  Full Article

Coltrane Asset Management Raises Stake In Interserve To 27.3 Pct From 25.56 Pct - Filing
Wednesday, 30 May 2018 

May 30 (Reuters) - Interserve PLC ::COLTRANE ASSET MANAGEMENT RAISES STAKE IN INTERSERVE PLC TO 27.3 PERCENT FROM 25.56 PERCENT - FILING.  Full Article

UPDATE 1-Balfour Beatty FY profit gets boost from infrastructure sale

Dec 14 British construction group Balfour Beatty Plc on Friday said it expects to report full-year profit above its earlier expectations, getting a boost on the proceeds from the sale of an infrastructure investment this month.