Tag : Financial report
Service provider Interserve has applied to go into administration after shareholders voted to reject a debt-for-equity rescue deal that would have eliminated £485M of the company’s £631M debt.
Balfour Beatty has revealed a strong set of financial results for 2018, with profits and orders value and debts slashed.
Industry leaders are waiting for rail, road and energy decisions in today’s Spring Statement.
£50M of new debt revealed in Kier accounting error Subscription
Kier has revised its end-of-year financial statement for 2018, declaring an additional £50M of debt that went unnoticed due to an “accounting error”.
Following two strong financial years, a large order book should see Morgan Sindall comfortably through 2019 and allow the contractor to pick and choose its future contracts.
A no-deal Brexit will have little to no impact on Laing O’Rourke, the firm’s group finance director has claimed.
Galliford Try’s pretax profits rose by 4% year on year to £84.2M for the six months ending December 31, despite additional losses from the troubled Aberdeen Western Peripheral Route (AWPR) project.
Van Elle boss blames Carillion for profit slump Subscription
Geotechnical contractor Van Elle suffered from “ripple effects continuing from Carillion’s demise”, its new chief executive said he published half year results.
Balfour Beatty cuts debt with £253M repaymentSubscription
Balfour Beatty has repaid the remainder of a £252.7M debt in cash, the company has revealed.
Interserve’s expected year-end net debt is to be in the range of £625M to £650M, up from £503M last year.