Interserve wins ?7.6m contract with Department for Education
9th Sep 2019 15:45
(Sharecast News) - Outsourcer Interserve has won a £7.6m contract with the Department for Education (DfE) to design and build a special education needs school in Devon.
Read moreFRC launches probe into Grant Thornton's audits of Interserve
11th Apr 2019 10:35
(Sharecast News) - The Financial Reporting Council has launched an investigation into Grant Thornton's audit of outsourcer Interserve's financial statements.
Read moreInterserve's support services arm attracts Mitie, Serco
18th Mar 2019 08:19
(Sharecast News) - Mitie and Serco are among interested suitors for a single part of Interserve, after their fellow oursourcer called in the administrators on Friday.
Read moreInterserve to go into administration as rescue deal blocked
15th Mar 2019 12:51
(Sharecast News) - Interserve is likely to go into administration on Friday evening and sell its entire business to its lenders after plans for a rescue fundraising were blocked by a US hedge fund.
Read moreInterserve seeks to win over investors with new rescue deal
27th Feb 2019 09:33
(Sharecast News) - Interserve, the troubled government contractor, has updated its proposed rescue package as it looks to win over investors and stave-off a Carillion-style collapse.
Read moreInterserve receives mystery 'proposal' from Coltrane
22nd Feb 2019 16:20
(Sharecast News) - Interserve said it has received and is considering an "outline proposal" from major shareholder Coltrane Asset Management.
Read moreInterserve agrees debt deal, faces vote to replace board
6th Feb 2019 08:27
(Sharecast News) - Interserve on Wednesday said it had agreed a debt deal with its lenders but had also received a letter from a 5% shareholder requesting a general meeting to remove the entire board, apart from chief executive Debbie White.
Read morePublic sector outsourcing rocket 53% in 2018 despite struggles
15th Jan 2019 09:54
(Sharecast News) - GMB union has launched the Go Public campaign to reduce the outsourcing of public services which has risen by 53% in 2018 despite the struggles of many operators in the market and the Carillon collapse last year.
Read moreInterserve and lenders agree terms for debt-for-equity swap
21st Dec 2018 07:43
(Sharecast News) - Interserve has negotiated the main terms of a debt-for-equity swap with its lenders, with a portion of new shares offered to existing and new investors through a public offering.
Read moreOne third of government's expenditure goes to external suppliers
12th Dec 2018 09:57
(Sharecast News) - The UK government spends around one third (£284bn) of its total budget with private companies and could risk being unable to abandon current procurement arrangements even if politicians so wished, a new report has found.
Read moreInterserve crashes to new low as banks discuss debt swap
10th Dec 2018 07:52
(Sharecast News) - Interserve said it was in talks with its banks about converting a "substantial proportion" of its debt pile into new equity, sending its shares crashing more than 70% on Monday morning.
Read moreInterserve disappoints on debt guidance
23rd Nov 2018 10:22
(Sharecast News) - Interserve, the construction and services company, said net debt would swell more than expected this year but maintained targets for cost-cutting and "significant" profit growth.
Read moreInterserve sells scaffolding, industrial business for £3.6m
2nd Oct 2018 10:40
(Sharecast News) - Support services and construction group Interserve said it was selling Infrastructure and Industrial access and hard services business (IISL) to Enigma Industrial Services Holdings for £3.6m in cash, but at a loss of £8.4m.
Read moreInterserve to build two new colleges for Durham University
17th Aug 2018 09:43
(Sharecast News) - Durham University has confirmed a £105m contract to build two new colleges to a consortium led by support services and construction group Interserve.
Read moreInterserve swings to loss, though hints at underlying recovery
7th Aug 2018 09:58
(Sharecast News) - Interserve swung to a first-half loss of £6m from a profit of £24.9m a year ago, though underlying profits at the construction and outsourced services group were improved on the second half of last year.
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