Interserve plc (LSE:IRV), a commercial services company based in United Kingdom, saw significant share price volatility over the past couple of months on the LSE, rising to the highs of £1.24 and ...
Forbes contributors publish independent expert analyses and insights. I write about banking, finance and economics. Interserve is experiencing severe cash flow problems, mainly due to its waste ...
LONDON (Reuters) - Interserve, one of the British government's biggest contractors, was placed in administration late on Friday and immediately taken over by its lenders only hours after shareholders ...
What does Interserve’s prepack administration actually mean – for suppliers, customers, employees and lenders? Is the reborn business on a sound enough footing to enable the ‘business as usual’ the ...
Rather than encouraging private contractors to write 'living wills' and wait for their downfall, the government must reform this broken system. Director of External Affairs at Social Enterprise UK ...
Interserve shares fell 14 per cent this morning as it updated its rescue refinancing deal to hand more control to shareholders, as well as confirming 2018 losses of £111m. The troubled outsourcer will ...
(Reuters) - Troubled outsourcing group Interserve would have to pay £66 million immediately to lenders if its largest shareholder Coltrane blocks the debt restructuring deal and removes some board ...
We’ll send you a myFT Daily Digest email rounding up the latest Interserve PLC news every morning. Interserve, the government contractor racing to stave off collapse, is encouraging its 69,000 staff ...
The giant British outsourcing firm Interserve is on the brink of collapse. Shareholders have been asked to agree to a “Deleveraging Plan” which would see their shareholding all but wiped and control ...
Interserve - one of the UK's largest providers of public services - has reached a deal with creditors to prevent its collapse. The rescue plan involves cutting its debts from over £600m to £275m by ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Troubled outsourcer Interserve said on Friday that its debts would be higher than expected this year, adding to ...