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Wates reports increased profits and record order book

Family-owned construction, development and property services company, Wates Group, has reported increased profits for the year ending 31 December 2018, with a record order book of £5.4 billion heading into 2019. Turnover for 2018 was within one per cent of ...

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Diamond Facilities marks ninth straight year of growth

Diamond Facilities Support Group has achieved its ninth consecutive year of growth in turnover. The Birmingham-based facilities management firm, generated £9.5 million of turnover in the 2018/9 financial year – a £1 million increase on the previous year. It follows ...

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Vacherin reports another year of growth

London-based hospitality specialist, Vacherin, has announced that in its second full year under a new management structure, turnover increased by 33 per cent to £26.2 million, far exceeding the predicted 20 per cent. It has also added eight new contracts to ...

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Interserve results better than expected as deleveraging plan gets underway

Services provider Interserve published a slightly strong set of full year results than expected, for although revenues declined to 10.7 per cent to £2,904.0 million, this compares favourably to 2017 which saw a loss of £244 million; while its operating ...

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Interserve announces deleveraging plan details

Following its 6 February 2019 announcement, the Interserve Board has  provided details of its proposed Deleveraging Plan, which it states has been agreed with all of the company’s lenders, bonding providers and the Pension Trustee. The key elements of the ...

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FRC extends probe into Carillion financial statements

The Financial Reporting Council (FRC) has extended its investigations into the preparation, approval and audit of the financial statements of Carillion plc to include certain matters relating to the financial statements for the year ended 31 December 2013. The FRC ...

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2018 marks an ‘inflection point’ for Serco

In its full year results 2018 Serco has announced revenue at constant currency declined 5.6 per cent in the first half of the year, but grew 2.5 per cent in the second half, resulting in a decline for the full ...

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Compass serves up growth in Q1

Compass Group has reported organic revenue for the three months to 31 December 2018 grew by 6.9%. According to the catering and support services firm, this was driven by strong levels of new business wins, continued good retention rates and ...

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Interserve agrees rescue plan with its lenders

Interserve has announced in a statement that key commercial terms of its Deleveraging Plan have been agreed in principle with all of the company’s lenders, bonding providers and the Pension Trustee. The Board believes the Deleveraging Plan which is expected to ...

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Major UK firms to disclose climate change risks and opportunities in 2019 annual reports

Two-thirds (67 per cent) of UK corporates will be disclosing climate-related risks and opportunities in their 2019 annual reporting, according to new figures released by the Carbon Trust. However, fewer than a quarter (23 per cent) of companies are expecting ...

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