Interserve set to fall into administration after failing to secure investor backing



Outsourcer Interserve has failed to secure investor backing for a restructuring plan and is set to fall into administration.
The firm added that the administration and sale is expected to be completed this evening and the business will continue to operate “as normal for customers and suppliers”.
Shares will be suspended from trading on the London Stock Exchange immediately.
Rachel Reeves MP. the Labour MP for Leeds West and Chair of the Business, Energy and Industrial Strategy, said on Twitter: “First Carillion and now Interserve. The gov’t model of outsourcing services to cut costs has... read more

 
Friday, 13:02 in Yorkshire & Humber, Views: 24
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31