Berenberg cuts Interserve's target price but leaves rating at 'buy'
9th May 2016 10:19
(ShareCast News) - Interserve shares fell on Monday as Berenberg cut its target price to 520p from 645p after the support service and construction company highlighted contractual issues in a trading update. Interserve on Friday said expectations for its UK construction division had been "significant
Read moreBroker tips: Interserve, Shire, Man Group
6th May 2016 12:12
(ShareCast News) - Numis has placed its rating and target price on Interserve 'under review' after the company highlighted contractual issues. Interserve said expectations for its UK construction division have taken a significant hit due to a further deterioration in its Glasgow energy from waste co
Read moreNumis places Interserve 'under review'
6th May 2016 10:40
(ShareCast News) - Numis has placed its rating and target price on Interserve 'under review' after the company highlighted contractual issues. Interserve said expectations for its UK construction division have taken a significant hit due to a further deterioration in its Glasgow energy from waste co
Read moreInterserve to take £70m hit from Glasgow waste contract
6th May 2016 07:44
(ShareCast News) - Interserve tumbled on Friday after saying expectations for its UK construction division have taken a significant hit due to a further deterioration in its Glasgow energy from waste contract. As a result of issues relating to the design, procurement and installation of the gasifica
Read moreSteven Dance stepping down from Interserve
5th May 2016 10:18
(ShareCast News) - Support services and construction group Interserve announced on Thursday that Steven Dance - executive director and managing director of equipment services - was to retire. The FTSE 250 firm said that during his notice period, Dance will continue to support the group in a number o
Read moreInterserve JV wins £46m water contract
3rd May 2016 07:57
(ShareCast News) - Interserve's joint venture with process engineering firm Doosan Enpure has been awarded a £46m contract by Northumbrian Water to upgrade the Horsley water treatment works in the Tyne Valley. During the 30-month contract, the FTSE 250 support services and construction group will bu
Read moreTuesday broker round-up
19th Apr 2016 13:51
(ShareCast News) - Telecom Plus: Berenberg downgrades to hold with a target price of 1000p and Finncap reiterates buy with a 1225p target. Greggs: Berenberg upgrades to hold with a target price of 1020p. Zoopla: Credit Suisse reiterates outperform with a target price of 340p. Plus500: Berenberg st
Read moreInterserve wins $230m defence contract
18th Apr 2016 07:38
(ShareCast News) - Interserve was celebrating a major contract win on Monday, having been awarded a five year, £230m contract with the Ministry of Defence's Defence Infrastructure Organisation to provide facilities services to the United States Air Force's UK estate. The FTSE 250 support services an
Read moreInterserve's full year profit up 28%
24th Feb 2016 07:31
(ShareCast News) - FTSE 250 support services and construction group Interserve reported a jump in profit and revenue for the year ended 31 December and lifted its dividend, although it forecast a flat 2016. Pre-tax profit rose 28% to £79.5m, as revenue grew 10% to £3.2bn. Meanwhile, operating profit
Read moreInterserve non-exec director to join SThree
18th Sep 2015 08:37
(ShareCast News) - Interserve non-executive director Anne Fahy is set to join the board of international specialist staffing business SThree. FTSE 250-listed Interserve, where Fahy is currently serving after being appointed in January 2013, said she will take on her new role from 1 October. Fahy wi
Read moreThursday tips round up: G4S, Interserve
13th Aug 2015 10:12
(ShareCast News) - G4S chief executive Ashley Almanza has been trying to clean up the security firm, The Financial Times' Lex said. Control at G4S has been lacking in the past, Lex said, citing the Olympic contract it was unable to fill and a probe into its prisoner monitoring work. "The problem fo
Read moreFTSE 250 movers: Gold miners lifted as mid-caps trip on China's currency fiddling
12th Aug 2015 16:12
(ShareCast News) - The FTSE 250 tumbled in early trading and by the close of the session was down 1.3% at 17,438.09 points. There were a few stocks in positive territory, however, with a three-week haven-inspired high in gold prices helping gold-miners Centamin and Acacia Mining top the second-line
Read moreInterserve interim profits jump but minimum wage will hit margins
12th Aug 2015 07:33
(ShareCast News) - Support services and construction group Interserve posted a 19% rise in first-half pre-tax profit and said it remained confident of further growth for the remainder of this year, albeit with the higher minimum wage likely to hit margins. Pre-tax profit for the six months ended 30
Read moreLondon open: Stocks inch lower ahead of key Greek summit
7th Jul 2015 09:15
UK stocks were trading slightly lower on Tuesday morning as investors awaited news from a meeting of Eurozone officials to discuss fresh proposals from Greece. The FTSE 100 was down 0.17% at 6,524.60 early on with oil and gas stocks out of favour following the recent plunge in crude prices. Stocks
Read moreLondon pre-open: Stocks to inch higher ahead of euro meeting on Greece
7th Jul 2015 07:43
UK stocks are expected to edge higher on Tuesday morning, though upside will only be moderate as investors continue to watch the latest developments in Greece. City sources predict the FTSE 100 will open 12 points higher than Monday's close of 6,535.68. Stocks worldwide had slumped on Monday after
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