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Interserve PLC (IRV.L)

IRV.L on London Stock Exchange

109.00GBp
11:51am EDT
Change (% chg)

-7.50 (-6.44%)
Prev Close
116.50
Open
115.00
Day's High
115.00
Day's Low
107.75
Volume
2,889,416
Avg. Vol
1,533,728
52-wk High
393.51
52-wk Low
67.16

Latest Key Developments (Source: Significant Developments)

Interserve appionts Mark Whiteling as CFO effective Oct. 1
Monday, 18 Sep 2017 02:18am EDT 

Sept 18 (Reuters) - INTERSERVE PLC ::SAYS MARK WHITELING APPOINTED AS CHIEF FINANCIAL OFFICER OF INTERSERVE PLC.APPOINTMENT OF MARK WHITELING AS CHIEF FINANCIAL OFFICER WITH EFFECT FROM 1 OCTOBER 2017.  Full Article

Interserve wins facilities management account with Land Securities
Monday, 17 Oct 2016 02:00am EDT 

Interserve Plc : Contract win . Interserve wins £37.5 million facilities management account with Land Securities .Will provide a range of services including security, cleaning, customer service support and waste management, across eight of Land Securities' flagship shopping centres.  Full Article

Interserve wins 17 mln stg UK construction contract
Wednesday, 24 Aug 2016 02:00am EDT 

Interserve Plc : Contract win .Wins 17 million stg design and build contract for University of York.  Full Article

Interserve to exit energy-from-waste business after 70 mln stg charge
Wednesday, 10 Aug 2016 03:05am EDT 

Interserve Plc : Interim dividend 8.1 pence per share . Robust, in-line revenue and earnings performance . Good visibility of future workload of 7.6 bln stg (2015 FY: 7.6 bln stg) . Says taking action to exit energy from waste sector . Despite increased political and macro-economic uncertainty following uk's eu referendum, our outlook for current year remains unchanged . Overall trading in first half of 2016 has seen a 2.1 pct increase in headline total operating profit and a 1 pct rise in headline earnings per share . Has approved a further increase in dividend of 2.5 pct to 8.1 pence per share (H1 2015: 7.9 pence per share) . Expect to complete our works during 2017 and that impact of these contracts will be contained within 70 mln stg exceptional loss provision announced in our may trading update . Strong gross operating cash flow 128.3 mln stg (2015 H1: 19.9 mln stg) . Net debt reduced to 275.6 mln stg(2015 FY: 308.8 mln stg); improved year-end net debt guidance of 300-320 mln stg . 1.9 bln stg of new business won in period . Trading in first half of year, across vast majority of our divisions and our regions, has been good, in markets that offer both opportunities and challenges-CEO . Our assessment of aggregate impact of exiting this sector is in line with 70 mln stg exceptional charge we announced in May.  Full Article

Interserve shares slip 21 pct after co reports 70 mln stg charge in H1
Friday, 6 May 2016 03:06am EDT 

Interserve Plc : Shares down 21 pct after open as co takes 70 million stg H1 charge due to issues in a energy-from-waste contract in Glasgow Further company coverage: [IRV.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Interserve PLC announces contract win
Tuesday, 3 May 2016 02:00am EDT 

Interserve PLC:Says the company in joint venture with Doosan Enpure, has been awarded a £46 mln contract by Northumbrian Water to upgrade the Horsley water treatment works in the Tyne Valley.Says 30-month project will see Interserve and process engineering firm Doosan Enpure build new treatment facilities alongside the current plant, which will continue to operate until the new project is complete.  Full Article

Interserve PLC announces £230 million contract win
Monday, 18 Apr 2016 02:00am EDT 

Interserve PLC:Says that it has been awarded five-year contract worth about £230 million, including additional works, with the Ministry of Defence's (MoD) Defence Infrastructure Organisation (DIO) to provide facilities services to the United States Air Force's UK estate.Says Prime Contract - called United States Forces Prime (USFP) - combines four existing facilities support contracts, which cover the six United States Air Force (USAF) main bases in the UK and their associated satellite sites.Says Interserve will provide a combination of total facilities management and engineering services maintenance for three operational wings of the USAF.  Full Article

Interserve names finance chief as pursues turnaround

British support services and construction company Interserve has appointed Mark Whiteling, a former head of finance at engineering supplies group Premier Farnell, as its new finance chief, days after a big profit warning.