29th Nov 2012 06:52
On the same day that Marks & Spencer announced an agreement with the trustees of its pension fund on how to pay off the deficit, the outsourcing specialist Interserve found a more innovative solution to the same problem. The company has transferred the rest of its portfolio of PFI assets, comprising
Read more28th Nov 2012 11:41
- Comments from Harry Reid weigh on sentiment - Intel rumoured to be interested in ARM - Ex-div stocks provide a drag The FTSE 100 was trading firmly in the red on Wednesday, tracking US stocks lower overnight as the market's focus turns from Greece to the US 'fiscal cliff'. The main US equity ben
Read more28th Nov 2012 08:31
UK stocks slipped in early trading on Wednesday, tracking US markets lower, as focus turned to the impending US 'fiscal cliff'. "European equities are trading lower this morning being pressured by a late sell-off in the US yesterday evening on fears that so far there has been too little progress be
Read more28th Nov 2012 08:07
Support services and construction firm Interserve is to transfer its remaining interest in a portfolio of 19 PFI assets to the trustee of its pension scheme at a valuation of 55m pounds, the group announced on Wednesday. Interserve said that proposed transaction will provide a "significant contribu
Read more28th Nov 2012 07:26
ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t
Read more14th Nov 2012 08:27
Interserve, the international support services and construction group, said it was preferred bidder on a seven year residential and corporate property contract. The contract with the East Thames Group charity could be worth up to £100m over the initial seven year term, Interserve said, and include
Read more12th Nov 2012 11:36
- Greece approves 2013 budget - Japanese GDP worse than expected - Markets await Eurogroup meeting this afternoon UK stocks were continuing to trade slightly higher on Monday morning after Greece approved its 2013 budget late last night, however, gains were only modest as caution sets in ahead of
Read more12th Nov 2012 08:30
- Greece approves 2013 budget - Japanese GDP worse than expected - Miners fall but Polymetal bucks the trend UK stocks were making gains on Monday morning, rebounding after a 1.7 per cent fall the previous week, as the markets' concerns about the Greek economy eased temporarily. Greece's parliamen
Read more12th Nov 2012 07:01
Interserve, the international support services and construction group, has traded in line with expectations in the second half of 2012, prompting the board to leave full year guidance unchanged. In the second half of the year the group won more than £500m of work from clients including the NHS, Vir
Read more25th Oct 2012 08:20
APR Energy: Seymour Pierce upgrades from reduce to hold, target left at 650p. ASOS: Seymour Pierce raises target from 1,900p to 2,350p, hold rating kept. AstraZeneca: Jefferies keeps hold rating and 3,00p target. Berkeley Group: Goldman Sachs upgrades to conviction buy, target lifted from 1,950p
Read more12th Oct 2012 08:17
Interserve, the international support services and construction group, has sold 49.9 per cent of the equity and 62.0 per cent of the debt instruments in two subsidiaries which between them own 19 of Interserve's PFI investments. The interests were sold for a total of £89.5m. The 19 investments w
Read more7th Sep 2012 11:38
- FTSE 100 extends rally after ECB news - Eyes on US data later today - Glencore adjourns shareholder meeting, amends merger terms The Footsie was well off its intraday high of 5,807 by Friday lunchtime, but still trading slightly higher following the massive gains made yesterday as the European Ce
Read more7th Sep 2012 08:36
- Stocks extend gains after ECB bond-buying plan - ECB buys Europe some time, says analyst - Glencore lower ahead of shareholder vote UK stocks were flat on Friday morning in spite of an impressive performance in the mining sector, as markets were relatively subdued following some massive gains the
Read more7th Sep 2012 07:37
City sources reckon that the FTSE 100 will up around 12 points higher than yesterday's close of 5,777, with investors likely to focus on yesterday's decision by the European Central Bank (ECB). Global stock markets soared after ECB President Mario Draghi announced that the bank would embark on its
Read more7th Sep 2012 07:06
Support services and construction group Interserve has been named as the preferred bidder to provide a range of services to National Health Service (NHS) trusts in the Midlands. The contract has a potential value of up to £300m and will run for seven years. Interserve is in the box seat to provide
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