Interserve on track despite challenging UK conditions
7th Jul 2015 07:05
Construction and outsourcing firm Interserve said its results were on track, in a trading update on Monday. The UK based company said overall group trading continued in line with the board's expectations, but did not provide any forecasts in its announcement. "Performance in support services, equip
Read moreInterserve chosen as preferred bidder for Defence and National Rehabilitation Centre
23rd Jun 2015 08:00
International support services and construction group Interserve has been chosen as the preferred bidder to build the new £200m facility at the Defence and National Rehabilitation Centre (DNRC) in Leicestershire. In a statement released on Tuesday, the group said the project involves the constructio
Read moreLondon open: Greece and its creditors stake out their positions
3rd Jun 2015 08:59
Stocks began the morning moving slightly lower as investors waited on a host of economic data and Greece and its creditors staked out their respective positions ahead of a meeting between both sides. As of 09:26 the Footsie was down by 0.04 points to reach 6,928.23. Greece's prime minister Alexis T
Read moreLondon pre-open: Quiet start as investors await Draghi, Eurozone retail sales, OECD
3rd Jun 2015 07:24
London-listed stocks are set for modest gains on Wednesday morning as investors await stronger direction, following little change in the US and a mixed picture in Asia over night. City sources predict the FTSE 100 will open just 3-4 points higher than Tuesday's close of 6,928.27. With Greece provid
Read moreInterserve JV selected as preferred bidder for Battersea project
3rd Jun 2015 07:13
Interserve's joint-venture with China State Construction Engineering Corporation (CSCEC) has been selected as the preferred bidder to build the £550m One Nine Elms scheme in Battersea. The project, which is part of a wider development, includes the construction of two towers of 57 and 42 storeys and
Read moreInterserve reiterates annual guidance as trading is in line with expectations
12th May 2015 08:27
Support services and construction group Interserve reiterated its full-year guidance on the back of a strong start to 2015. FTSE 250-listed company said its visibility had been boosted by significant new contracts, adding that integration of ESG was completed and that mobilisation on the UK Ministry
Read moreInterserve-Kajima JV reaches financial close on schools project
23rd Mar 2015 08:26
Construction group Interserve said it has reached financial close on a project to design and build seven secondary schools across Hertfordshire and in Luton and Reading, which is valued at over £135m. Alongside with its joint-venture partner Kajima Corp, the group will be responsible for designing a
Read moreFTSE 250 movers: Ladbrokes up after maintaining dividend, Playtech achieves record revenue and earnings
26th Feb 2015 14:18
Ladbrokes was boosted as it revealed it will not cut its 2015 dividend, despite posting a 14% drop in annual profit. Analysts had expected the group to make the cut to help fund marketing expenses, but the group will maintain an 8.9p dividend per share this year. In December, the group began a searc
Read moreInterserve performs well in 2014 despite competition in the international market
26th Feb 2015 07:58
Support services and construction group Interserve said its full-year saw strong growth despite challenging conditions in some of its markets. Revenues increased 32.8% to £2.9bn, but profits before tax fell 9% to £61.9m, driving earnings per share to decline from 39.1p to 32.2p. The fall in profits
Read moreFTSE 250 movers: Jimmy Choo rallies after trading update
23rd Jan 2015 17:04
Jimmy Choo was topping the FTSE 250 after reporting net revenue rose 12% to £299m last year, driven by growth in Asia. In its first trading update since listing on the London Stock Exchange in October, the luxury shoe maker said it was "delighted" with sales which were helped by new store openings i
Read moreBroker tips: Tesco, Persimmon, M&S, Interserve
8th Jan 2015 11:51
After an "unimaginatively bad 2014", things are starting to improve at supermarket giant Tesco after a much better-than-expected Christmas trading performance, according to analysts at Shore Capital. Shore retained its 'hold' recommendation for investors, but said that measures being taken by new ch
Read moreNumis lowers Interserve estimates but upgrades to 'buy'
8th Jan 2015 09:49
Broker Numis said trading at support services and construction group Interserve was in line with expectations, though it lowered its 2015 earnings estimates by 3% to 63.1p per share because of higher investments. Numis said its decision to trim its forecast for 2015 was also due to the feeling that
Read moreThursday tips round-up: Persimmon, Interserve
8th Jan 2015 07:40
A detailed look at homebuilder Persimmon's trading update, the first from a company in the sector, shows the rate of growth is falling back. Despite this, and the current uncertainty surrounding the upcoming elections, last year's numbers indicate the company, and the wider sector, are still moving
Read moreFTSE 250 movers: Renishaw and construction sector receive boost as mining stocks decline
7th Jan 2015 14:09
Renishaw was rising after it released an unscheduled trading update late on Tuesday. Numis upgraded its profit forecast by 30% and claims that it expects consensus to follow suit. Renishaw also had its "overweight" rating restated by Barclays in a research note issued on Wednesday. The firm announce
Read moreLondon pre-open: Stocks to gain ahead of non-farm payrolls, Eurozone GDP, UK inflation expectations
5th Dec 2014 07:41
London's blue chips are set to open in positive territory on Friday ahead of non-farm payrolls, with City sources predicting the FTSE 100 will open around 25 points higher than Thursday's close of 6,679.37. The Labor Department's non-farm payrolls report is expected to show that US companies added 2
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