Numis upgrades Interserve from 'add' to 'buy'
30th Jun 2014 11:49
Numis Securities has upgraded support services and construction group Interserve from 'add' to 'buy', saying that the market is not appreciating its organic and acquisitive growth potential. The broker highlighted that the stock initially performed well in response to the £250m purchase of Initial
Read moreInterserve completes issue of $350m of loan notes
20th Jun 2014 07:48
Support services and construction group Interserve has completed the issue of $350m of US private placement loan notes, which have a weighted average maturity length of 10 years. The notes have been issued to replace a bridging loan used to part-fund the completed acquisition of Initial Facilities.
Read moreInterserve trades in line as it secures new contracts
13th May 2014 07:44
Interserve said it has been trading in line with expectations this year as the support services and construction group scored new contracts. In the year to date the company has won work from clients including the UK's Department for Education, Christie NHS Foundation, Foreign and Commonwealth Offi
Read moreInterserve wins MoD training facility contract
12th May 2014 08:06
Support services and construction group Interserve has won a 322m-pound contract with the Ministry of Defence (MoD) to manage its National Training Estate. The contract has a five-year term and runs until 2019, but has an option to extend it for up to a further five years. Interserve, whose subsid
Read moreFTSE 250 movers: Rathbone Brothers up on AuM increase
2nd Apr 2014 16:11
Rathbone Brothers was higher on reports it has increased its assets under management (AuM) after acquiring private client businesses, including one from Jupiter Asset Management. Kazakhmys climbed after it completed the disposal of its 50% stake in Ekibastuz GRES-1 to Samruk-Energo. The group rece
Read moreLondon midday: Markets edge higher but gains limited
2nd Apr 2014 11:48
- Stocks extend three-week high - ECB, US data ahead - Antofagasta unharmed by Chile quake - Sports Direct extends gains on expansion potential techMARK 2,795.73 +0.42% FTSE 100 6,666.62 +0.21% FTSE 250 16,470.77 +0.39% The FTSE 100 had pushed into positive territory by Wednesday lunchtime, but ga
Read moreLondon open: Markets hold at three-week high
2nd Apr 2014 08:59
- Markets flat ahead of ECB, US data - Antofagasta operations unaffected by Chile quake - Domino's, ASOS impress with results techMARK 2,788.47 +0.16% FTSE 100 6,650.51 -0.03% FTSE 250 16,413.15 +0.03% UK stocks were flat at a three-week high on Wednesday morning as investors paused for breath ahe
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreInterserve completes acquisition of Rentokil's Initial Facilities
18th Mar 2014 08:28
Interserve has completed the acquisition of Initial Facilities, a subsidiary of Rentokil Initial. The group paid a cash consideration of £250m after shareholders voted in favour of the move at Monday's general meeting. Initial Facilities comprises the facilities services businesses of the Rentok
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreFTSE 250 movers: Electra rises after Sherborne acquires 10 per cent stake
28th Feb 2014 15:31
Shares in Electra Private Equity rose strongly after Sherborne Investors Management bought a 10 per cent stake in the trust. The investment was made through its Guernsey-registered investment vehicle. Serco Group rose after it was revealed Rupert Soames, the Chief Executive Officer of FTSE 100-lis
Read moreInterserve lifts FY profits and buys Rentokil's facilties arm
28th Feb 2014 08:35
Support services and construction group Interserve posted higher profits and said it was buying Initial Facilities for 250m pounds. Interserve, which manages premises for public and private companies in a range of sectors such as education, broadcasting, justice and health, said headline pre-tax pr
Read moreThursday broker round-up UPDATE
6th Feb 2014 09:23
ARM Holdings: HSBC reduces target price from 1120p to 1080p and stays with its overweight rating. Avon Rubber: WH Ireland raises target price from 650p to 765p and stays with its buy recommendation. Balfour Beatty: Liberum Capital ups target price from 300p to 350p retaining its buy recommendation
Read moreInterserve maintains guidance after in-line Q4
8th Jan 2014 07:36
Support services and construction group Interserve has maintained its forecasts for the 2013, saying that trading in the fourth quarter was in line with expectations. The company, which works in the public and private sectors in the UK and overseas, said that it had continued to perform well since
Read moreFTSE 250: Drax Group, Interserve, Balfour Beatty, Ashmore
4th Dec 2013 15:07
British electrical power company Drax Group rose after the UK government confirmed that two of its units converted to burn sustainable biomass to meet the eligibility and minimum evaluation criteria for investment contracts. Construction and infrastructure services stocks including Interserve and
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