Interserve scores facilities contract with University of Sussex
25th Nov 2013 07:33
Support services and construction group Interserve has scored a 10-year facilities management contract with the University of Sussex. The £150m contract, due to start in January, will be delivered through a new partnership between Interserve and Sussex Estates and Facilities. The University of Sus
Read moreInterserve trades in line with growth in UK support services
13th Nov 2013 09:57
Construction and support services group Interserve said it has traded in line with expectations in the period from July 1st to date with strong growth in UK Support Services and Equipment Services. Growth in UK Support Services and Equipment Services together with resilient performances in UK and I
Read moreInterserve lands 150m pound contract with BBC
17th Oct 2013 08:54
Support services and construction group Interserve has won a five-year facilities management contract with the BBC worth 150m pounds. The contract covers 150 facilities across the UK including Broadcasting House in London and MediaCityUK in Salford and has a provision to be extended for up to four
Read moreLondon close: Stocks sink into the red ahead of FOMC outcome
18th Sep 2013 16:23
After a range-bound morning session, markets sunk into the red on Wednesday afternoon as investors reduced their appetite for risk ahead of the Federal Reserve policy decision later this evening. The FTSE 100 closed 11.35 points lower at 6,558.82, the index's second day in negative territory after
Read moreLondon midday: Markets rangebound ahead of Fed decision
18th Sep 2013 11:32
Markets were rangebound on Wednesday morning as investors showed nervousness ahead of the all-important Federal Reserve policy decision later this evening. UK stocks were registering moderating gains by midday but just 19 points separated the FTSE 100's intraday low (6,568) and high (6,587) as trad
Read moreLondon open: Stocks flat as investors turn cautious ahead of Fed
18th Sep 2013 08:16
Markets opened broadly flat on Wednesday morning as investors refrained from building positions ahead of the conclusion of this month's all-important Federal Reserve policy meeting. However, with an announcement from the US central bank not due out until after markets close this evening, there will
Read moreInterserve exec sells shares after exercising options
13th Sep 2013 16:34
Steven Dance, an Executive Director at support services and construction group Interserve, benefitted from the stock's impressive rise so far this year by raising half a million pounds after the sale of shares post-exercise. The company said on Friday that Dance, who joined the board back in 2008,
Read moreInterserve lifts profit and dividend
15th Aug 2013 07:32
Support services and construction group Interserve increased half profit and said it sees good growth prospects despite mixed market conditions. Pre-tax profit rose 7.6% to £36.8m in the six months to June 30th 2013 before after a strong UK and mixed international performance. The group, whose clie
Read moreThursday tips round-up: Lookers, Interserve, Apple
15th Aug 2013 06:45
Car dealership Lookers reported impressive interim results on Wednesday as the UK car market improves, The Telegraph's Questor column pointed out. While it operates 126 dealerships, selling new and used cars, it is the sales of spare parts that generate 60 per cent of profit. Lookers' vehicle sales
Read moreLondon pre-open: Flat start expected ahead of data, MPC minutes
14th Aug 2013 07:24
Markets are expected to open more or less flat on Wednesday as traders await a barrage of economic reports, including the minutes of the latest Bank of England policy meeting. As well as the minutes, investors will look out for gross domestic product figures from across the Eurozone, unemployment
Read moreInterserve surges ahead despite mixed global construction market
14th Aug 2013 07:03
Support services group Interserve generated record first-half revenues despite some weak performances from its construction division around the world. This was more than made up for by strong results from the UK support services and the equipment services division, which Chief Executive Adrian Rin
Read moreWeek ahead: UK and US data barrage as results season lulls
9th Aug 2013 14:30
Results season takes a bit of a break over the course of the week ahead, with only a handful of FTSE 350 companies unveiling their numbers, while traders will be absorbed with a raft of economic data on the east and west sides of the Atlantic and Monday's GDP figures from Japan. After new Bank of
Read moreLondon open: FTSE 100 near seven-week high after China data
15th Jul 2013 08:24
Worries about a sharp slowdown in China temporarily eased on Monday morning, pushing the FTSE 100 to levels not seen in nearly seven weeks. London's benchmark index started the new week trading near the 6,600 level early on. The last time the FTSE 100 closed higher was on May 30th. "European marke
Read moreInterserve acquires Topaz Oil and Gas
15th Jul 2013 07:21
Support services and construction group, Interserve, has agreed to acquire Topaz Oil and Gas from Renaissance SAOG. The company will pay $46m for Topaz and its subsidiaries, which provide oil field maintenance, fabrication and construction services in the Middle East. Interserve said the acquisiti
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
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