Interserve shares up ahead of 2014 results

Caitlin Morrison
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SHARES in construction group Interserve jumped by 3.11 per cent yesterday after the firm announced it expected to deliver full-year results in line with expectations at the end of next month.

The firm stated that the integration of Initial Facilities, which it bought from Rentokil for £250m in March last year, was “well advanced”. It added that preparation of its mobilisation plans for probation services, which it will begin to operate on 1 February, were at a similarly advanced stage.

As well as the recent £25m pur­chase of Employment & Skills Group, Interserve said other recent high­lights included the formation of a joint venture with the Rezayat Group of Saudi Arabia to provide faci­lities management services in the region.