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Tag Archives: financials

A difficult year for Interserve

International support services and construction group, Interserve has reported on a difficult year for the Group, in its annual results for the year ended 31 December 2017. Overall, the Group’s financial performance in 2017 was “extremely poor” as headline profit fell ...

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Norse sees its order book grow by almost £100m

Norse Group has announced it is set to add almost £100 million of new business forward orders in its current financial year. Orders include a new 10-year partnership deal with Daventry District Council. Due to commence on 4 June 2018, ...

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Interserve thrown a lifeline by its creditors

International support services and construction group, Interserve, which has been under Government watch following a number of profit warnings has announced that discussions with its lenders and other financial stakeholders have continued to progress well, with agreement in principle on major ...

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FRC puts Carillion’s finance directors under the spotlight

The Financial Reporting Council (FRC) has commenced an investigation into the conduct of Richard Adam and Zafar Khan, former Group Finance Directors of Carillion plc and members of the ICAEW, in relation to the preparation and approval of the financial ...

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Mitie’s transformation programme puts recovery on track

Mitie Group has today (16 March) published its pre-close statement for the financial year ending 31 March 2018, reporting progress for the firm which is currently one year into its Transformation Programme. The trading update reports a modest growth in ...

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FM contracts aid Kier’s half-year results

Kier Group’s half-year results to 31 December 2017 have seen revenue increase by eight per cent to £2,154 million, and underlying operating profit rise by five per cent to £60 million. The property, residential, construction and services group said the ...

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Compass produces strong set of results

Global caterer, Compass Group, has reported an 18 per cent rise in profits as published in its full year results for the year ended 30 September 2017. Revenue also grew by 15 per cent to £22.6 billion from £19.9 billion the ...

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Revenues rise but profits drop at Mitie

In its half-yearly financial report for the six months ended 30 September 2017, outsourcing firm Mitie has reported a 3.9 per cent growth in adjusted revenue from £923.7 million to £959.7 million. Adjusted operating profit also rose by 5. 8 ...

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Third profit warning and expected breach of covenants for Carillion

Outsourcing and construction firm, Carillion saw the company’s share prices take a massive tumble on Friday (17 November) following the issue of a third profit warning and the likelihood it is to breach its financial covenants at the end of this ...

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Polyteck Group reports record growth

Independent construction and facilities management company, Polyteck Group, has reported a 32 per cent rise in revenue to £23.8 million for the 12 months to 31 December 2016 – the highest since its inception in 2005. The company attributes its ...

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