Interserve's shares slide as it reveals net debt to rise by over £100m

By Hamish Champ2018-11-23T10:27:00

Year-end net debt to rise by up to 29% but contractor says it will record a profit for 2018

Interserve expects its UK construction division will report a second year of losses on the back of lower revenues when the group announces its annual results early next year.

In a third quarter trading update in which the contractor revealed year-end net debt would be between £625m and £650m versus £503m last year, Interserve said it had completed a “comprehensive” review of its UK construction activity and said it had “adequately provided” for an anticipated small loss in the division.

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