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Tag Archives: financials

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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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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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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Norse reports £16m business growth in 9 months

Norse Group has reported £16+ million new business growth for the nine months ending 31st December. The company’s catering, cleaning and trade waste management divisions have all seen particularly strong new business wins, with Norse recently announcing a £3 million cleaning ...

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Sodexo reports on revenues for the first quarter of Fiscal 2019

Sodexo has published its revenues for the first quarter of Fiscal 2019, reflecting a “good performance” relative to Fiscal 2018.  Fiscal 2019 first quarter revenues totalled €5.7 billion, up +6.8% compared to the same period in the previous fiscal year. ...

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Interserve shares plunge as rescue plans revealed

Following speculation over the weekend, including a piece in the Financial Times that reported Interserve is in rescue talks as its tries to avoid the fate of Carillion, its shares plunged more than 70 per cent. The support services and ...

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Interserve remains on track

Interserve has provided an update on trading for the first nine months of the year ending 31 December 2018, which sees the Group continuing to trade in-line with management’s expectations. The implementation of the Group’s strategy and the Fit for Growth ...

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