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Interserve PLC (IRV.L)

IRV.L on London Stock Exchange

120.00GBp
15 Jan 2018
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3,094,566
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359.25
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52.75

Latest Key Developments (Source: Significant Developments)

Interserve Expects 2018 Operating Profit To Be Ahead Of Current Market Expectations​
Wednesday, 10 Jan 2018 02:19am EST 

Jan 10 (Reuters) - Interserve Plc ::‍2017 PERFORMANCE IN-LINE WITH EXPECTATIONS OUTLINED IN OCTOBER UPDATE​.‍'FIT FOR GROWTH' PROGRAMME EXPECTED TO DELIVER £40M-£50M BENEFIT BY 2020​.‍2018 OPERATING PROFIT EXPECTED TO BE AHEAD OF CURRENT MARKET EXPECTATIONS​.‍TESTING OF GROUP'S YEAR-END COVENANT POSITION HAS BEEN DEFERRED UNTIL 31 ST MARCH 2018​.UPDATE ON 2017 YEAR END AND EXPECTATIONS FOR 2018.‍ANTICIPATES THAT NET DEBT AT YEAR-END 2017 WILL BE CIRCA £513M​.‍EXPECT NET DEBT TO PEAK IN FIRST HALF OF FY18​.‍DISCUSSIONS WITH GROUP'S LENDERS ARE PROGRESSING​.  Full Article

Interserve Wins Facilities Services Contract From Thomas Cook
Thursday, 4 Jan 2018 04:05am EST 

Jan 4 (Reuters) - Interserve Plc ::INTERSERVE PLC - HAS WON A NEW CONTRACT WITH THOMAS COOK TO DELIVER FACILITIES SERVICES ACROSS THE HOLIDAY COMPANY’S UK PROPERTY PORTFOLIO.INTERSERVE PLC - FIVE-YEAR PARTNERSHIP BRINGS TOGETHER SERVICES FOR BOTH CORPORATE AND RETAIL LOCATIONS.  Full Article

Interserve announces update on financing and debt covenants
Wednesday, 13 Dec 2017 10:58am EST 

Dec 13 (Reuters) - INTERSERVE PLC ::‍ANNOUNCE THAT IT HAS SECURED ADDITIONAL SHORT-TERM COMMITTED FUNDING FOR GROUP​.‍IN ADDITION, WE HAVE REACHED AN AGREEMENT TO DEFER TEST DATE FOR COMPLIANCE WITH OUR LOAN COVENANTS TO 31 MARCH 2018​.ADDITIONAL FACILITIES TOTALLING £180M COMPRISE £38M COMMITTED REVOLVING CREDIT FACILITY, £37M OF COMMITTED ANCILLARY FACILITIES, COMMITTED BONDING FACILITIES OF £93M PLUS £12M OF ADDITIONAL FUNDING.‍FACILITIES EXPIRE ON 30 MARCH 2018​.  Full Article

Interserve says Bruce Melizan stepped down from board on 30 November
Friday, 1 Dec 2017 02:00am EST 

Dec 1 (Reuters) - INTERSERVE PLC ::THAT BRUCE MELIZAN STEPPED DOWN FROM BOARD ON 30 NOVEMBER 2017 AS PART OF ITS 'FIT FOR GROWTH' PROGRAMME.SUPPORT SERVICES BUSINESS WILL NOW REPORT DIRECTLY TO GROUP CHIEF EXECUTIVE, DEBBIE WHITE.BRUCE WILL REMAIN WITH COMPANY UNTIL 31 JANUARY 2018, UNDERTAKING HANDOVER DUTIES AND TRANSFER OF KEY CLIENT RELATIONSHIPS.  Full Article

Interserve Wins Place On Highway And Infrastructure Frameworks​
Monday, 27 Nov 2017 04:13am EST 

Nov 27 (Reuters) - Interserve Plc ::INTERSERVE PLC - ‍HAS WON A PLACE ON HIGHWAY AND INFRASTRUCTURE FRAMEWORKS IN MANCHESTER AND ACROSS YORKSHIRE AND HUMBER REGION​.INTERSERVE PLC - ‍FRAMEWORK LOTS TO WHICH INTERSERVE IS APPOINTED HAVE A POTENTIAL VALUE IN EXCESS OF £500 MILLION​.  Full Article

Interserve wins four-year contract to provide facilities management services to Irwin Mitchell​
Tuesday, 24 Oct 2017 04:05am EDT 

Oct 24 (Reuters) - Interserve Plc :‍HAS WON A FOUR-YEAR CONTRACT TO PROVIDE INTEGRATED FACILITIES MANAGEMENT SERVICES TO LEADING LAW FIRM, IRWIN MITCHELL.​.‍NEW PARTNERSHIP AT COMPANY'S 15 UK OFFICES, INCLUDING SITES IN LONDON, MANCHESTER, BIRMINGHAM AND SHEFFIELD.​.  Full Article

Britain's Interserve says gets 140 mln stg contract extension
Monday, 23 Oct 2017 02:00am EDT 

Oct 23 (Reuters) - Interserve Plc ::‍WINS £140 MILLION CONTRACT EXTENSION WITH MAJOR BROADCASTER​.INTERSERVE PLC - ‍WINS £140 MILLION CONTRACT EXTENSION WITH MAJOR BROADCASTER​.‍HAS WON A £140 MILLION CONTRACT WITH BBC TO CONTINUE PROVIDING FACILITIES SERVICES UNTIL 2023​.INTERSERVE - ‍LATEST FOUR-YEAR EXTENSION TO ACCOUNT WILL SEE INTERSERVE PROVIDE TOTAL FACILITIES MANAGEMENT SERVICES ACROSS BROADCASTER'S UK ESTATE​.  Full Article

Interserve wins 227 mln ‍Department For Work And Pensions contract
Friday, 20 Oct 2017 02:00am EDT 

Oct 20 (Reuters) - Interserve Plc ::INTERSERVE PLC - DWP CHOOSES INTERSERVE FOR FM CONTRACT.INTERSERVE PLC - ‍DEPARTMENT FOR WORK AND PENSIONS CHOOSE INTERSERVE FOR £227M FM CONTRACT​.INTERSERVE PLC - CONTRACT ‍TO PROVIDE FACILITIES MANAGEMENT SERVICES FOR DEPARTMENT FOR WORK AND PENSIONS (DWP)​.  Full Article

Interserve ‍confirms it is engaged in discussions with lenders​
Monday, 16 Oct 2017 02:30am EDT 

Oct 16 (Reuters) - Interserve Plc :‍CONFIRMS THAT IT IS ENGAGED IN CONSTRUCTIVE AND ONGOING DISCUSSIONS WITH ITS LENDERS.​.‍WORK UNDERWAY TO PROVIDE GREATER CLARITY ON CO'S CURRENT TRADING AND ENERGY FROM WASTE PROVISION.  Full Article

Consortium including Interserve to operate 2 new facilities
Tuesday, 3 Oct 2017 02:00am EDT 

Oct 3 (Reuters) - Interserve Plc ::‍CONSORTIUM, MADE UP OF INTERSERVE, EQUITIX AND CAMPUS LIVING VILLAGES UK WILL FINANCE, BUILD, OPERATE 2 NEW FACILITIES FOR UP TO 50 YEARS​.  Full Article

UPDATE 2-UK's Interserve sees higher 2018 profit outlook on lower costs

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.