Interserve to hear results of City watchdog probe 'by end of year'

By Dave Rogers2018-06-18T06:00:00

Interserve chief executive Debbie White has said it is not expecting to find out until the end of the year the results of a probe from the Financial Conduct Authority into the handling of its exit from the energy-from-waste business.

The financial watchdog told the firm last month that it had begun the investigation because of the way Interserve disclosed information over a seven month period.

The period under scrutiny runs up to the February 2017 date when former chief executive Adrian Ringrose announced that the cost of getting out of the sector had gone up from an expected provision of £70m, announced in May 2106, to £160m.

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