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Interserve on course

StockMarketWire.com

Interserve, the international support services and construction group, says overall trading has remained in line with previous guidance and expectations for full-year headline results are unchanged.

An update says: "Within this overall performance, we are anticipating that strong international construction and equipment services results will broadly offset a disappointing performance in UK construction."

The net debt position of the group as at 31 December 206 is expected to be better than previously guided, at £270m-£280m, driven by strong collections and other working capital management measures, which have more than offset an increased level of cash outflows from the exited Energy from Waste business.

Story provided by StockMarketWire.com