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Interserve PLC (IRV.L)

IRV.L on London Stock Exchange

80.75GBp
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

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

Interserve says outturn for year will be below prior expectations​
Thursday, 14 Sep 2017 02:00am EDT 

Sept 14 (Reuters) - INTERSERVE PLC :‍TRADING IN UK IN JULY AND AUGUST WAS DISAPPOINTING, PARTICULARLY IN SUPPORT SERVICES, BUT ALSO IN CONSTRUCTION DIVISION​.‍BOARD NOW BELIEVES THAT OUTTURN FOR YEAR WILL BE SIGNIFICANTLY BELOW ITS PREVIOUS EXPECTATIONS​.‍FURTHER PROGRESS CONTINUES TO BE MADE ON CONTRACTS WITHIN OUR EXITED ENERGY FROM WASTE BUSINESS​.‍ANTICIPATED TIMING AND COMPLEXITIES OF COMPLETION MEAN THAT BOARD NOW CONSIDERS IT LIKELY THAT FINAL COSTS WILL SIGNIFICANTLY EXCEED £160M CURRENTLY PROVIDED​.‍CONTINUES TO BELIEVE THAT GROUP WILL BE ABLE TO OPERATE WITHIN ITS BANKING COVENANTS FOR YEAR ENDED 31 DECEMBER 2017​.  Full Article

Interserve wins five-year contract worth 90 mln stg
Wednesday, 6 Sep 2017 02:00am EDT 

Sept 6 (Reuters) - INTERSERVE PLC ::HAS WON A NEW FIVE-YEAR CONTRACT WORTH £90 MILLION TO PROVIDE TOTAL FACILITIES MANAGEMENT SERVICES FOR DEPARTMENT FOR TRANSPORT.  Full Article

Interserve H1 profit before tax of 24.9 mln STG vs loss of 33.8 mln STG
Wednesday, 9 Aug 2017 02:00am EDT 

Aug 9 (Reuters) - Interserve Plc :H1 revenue 1.6 billion STG versus 1.6 billion STG year ago.Hy revenue of 1,647.7 million STG versus 1,632 million STG a year earlier.Overall continue to believe provision taken in 2016 remains appropriate, although significant risks and uncertainties remain.Full-Year average net debt expected to be in range £475-£500 million.Hy profit before tax of 24.9 million STG versus a loss of 33.8 million STG a year earlier.Despite increased political, macro-economic uncertainty following UK's EU referendum and recent general election, outlook for year unchanged.Interim dividend for year ended 31 December 2016 8.1 pence.H1 dividends paid to equity shareholders 0.0 pence.  Full Article

Interserve plc announces contract win
Tuesday, 20 Jun 2017 02:00am EDT 

June 20 (Reuters) - Interserve Plc ::Interserve announces contract win.‍Interserve wins 265 mln stg account extension for strategic UK international bases​.  Full Article

Interserve says expectations for overall performance and cash delivery are unchanged
Friday, 12 May 2017 02:00am EDT 

May 12 (Reuters) - Interserve Plc ::Provides an update on current trading for first four months of year.Revenue in support services division in first four months of year remains robust and in-line with expectations.International construction and support services businesses also performing as expected, with visibility of future workload maintained."Trading in UK construction business remains mixed, but is in line with overall expectations, which anticipate improving performance in H2 as older, less favourable contracts are completed"."There has, as yet, been little noticeable slowdown in our volume of work from u.k. Government, although workflow may be impacted by general election".Expectations for overall performance and cash delivery of group are consequently unchanged.  Full Article

UPDATE 1-Britain's Interserve wins 140 mln stg BBC contract extension

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.