Interserve wins £1bn in contracts

Interserve yesterday said it had won contracts worth more than £1bn in the first half of 2012, reinforcing the strong future workload at the support services and construction group. The firm said it still expects trading to be “stable” in 2012, in line with market forecasts, after revenues and margins increasing as expected in the first half. Shares in Interserve closed up more than six per cent yesterday as investors welcome the upbeat outlook.