Interserve PLC (IRV.L)
23 Feb 2018
Wed, Feb 21 2018
Feb 21 British contractor Interserve, which is in talks with its bankers to secure funding after issuing two profit warnings last year, has decided to close its power business as part of an operational restructuring of its industrial unit.
LONDON Shares in British contractor Interserve dropped on Wednesday after a report the government was monitoring the company, exacerbating worries about the sector two days after the collapse of competitor Carillion.
* Interserve says govt updated on progress with lenders (Adds detail, PM May, closing price)
* Melrose sweetens GKN offer (Adds detail and graphic, updates prices at close)
LONDON, Jan 17 UK shares edged down on Wednesday with a flurry of corporate news triggering sharp moves, such as for Interserve after the Financial Times reported the UK government was monitoring the contractor in light of the collapse of competitor Carillion.
Jan 10 British construction and services company Interserve, which issued multiple profit warnings last year, on Wednesday forecast better-than-expected operating profit for 2018, sending its shares up as much as 20 percent.
Jan 10 British construction and services company Interserve, which issued multiple profit warnings last year, on Wednesday forecast better-than-expected operating profit for 2018 due to lower costs.
* INTERSERVE PLC - HAS WON A NEW CONTRACT WITH THOMAS COOK TO DELIVER FACILITIES SERVICES ACROSS THE HOLIDAY COMPANY’S UK PROPERTY PORTFOLIO
* INTERSERVE PLC - HAS WON A PLACE ON HIGHWAY AND INFRASTRUCTURE FRAMEWORKS IN MANCHESTER AND ACROSS YORKSHIRE AND HUMBER REGION
Oct 23 Interserve, which has issued multiple profit warnings this year, has won a 140 million pound ($185 million) extension to a facilities contract from broadcaster the BBC, the British construction and services company said on Monday.