asterisk2a + interserve   5

Interserve: UK outsourcing giant loses rescue vote - BBC News
Outsourcing giant Interserve has failed to persuade shareholders to approve a rescue plan for the company.

Interserve is expected to go into administration later today, although its contracts are likely to continue as normal and no job cuts are expected.
Carillion  Interserve  Austerity  UK  Privatisation  outsourcing  Council  NHS  G4s  Prison 
7 days ago by asterisk2a
Interserve lenders line up EY as administrator if shareholder talks fail | Business | The Guardian
Lenders to the outsourcing firm Interserve have lined up EY to manage its administration if they cannot reach agreement with shareholders on the terms of a financial restructuring plan.

The emergence of EY as a potential administrator came as the largest shareholder in the company submitted new proposals, including a £75m rights issue, as a counter-offer to the solution put forward by lenders, which it called “an obscenity”.
Interserve  Carillion  Privatisation  UK  Austerity  Council  NHS  Conservative  Tories 
26 days ago by asterisk2a
Troubled government contractor Interserve agrees rescue deal | Business | The Guardian
Company, which has 45,000 employees in UK, hopes to avoid Carillion-style collapse
Shares in Interserve closed down 1.8% at just under 13p. The company was worth as much as £1bn in 2014, but is now worth a little over £20m.
outsourcing  Carillion  Interserve  bailout  Austerity  UK  Council  Privatisation  NHS 
6 weeks ago by asterisk2a
Interserve: Major government contractor 'seeks second rescue deal' - BBC News
One of the UK's largest providers of public services is seeking a rescue deal as it struggles with £500m of debt, according to the Financial Times.

Interserve, which works in prisons, schools, hospitals and on the roads, said it might look for new investment or sell off part of the business.

Workers at the Foreign Office and the NHS are among Interserve's tens of thousands of UK employees.

The government said it supported the company's long-term recovery plan.
Carillion  outsourcing  Privatisation  Interserve  UK  Austerity  Tories  nasty  party  Conservativ  Council  Bailout 
december 2018 by asterisk2a

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