Construction News

16/10/2017

Interserve Confirms Talks With Lenders

Interserve has confirmed it is in talks with its lenders due to growing fears over its financial future.

A report by Sky News on Sunday stated the firm's lenders, including HSBC and Royal Bank of Scotland, have fired EY as an adviser.

In a trading statement today, 16 October, Interserve confirmed it is engaged in "constructive and ongoing discussions" with its lenders following recent media coverage.

-- Advertisement --

"Work is underway to provide greater clarity on Interserve's current trading and Energy from Waste provision, provided in the 14 September update announcement," the statement said.

"A further announcement is expected in the coming days."

The firm had previously warned its July and August trading had been "disappointing" and the cost to exit its waste management business would "significantly exceed" a £160m provision set aside.

(LM)

News Archive

Latest Construction News

22/05/2025

Plans Approved For New Community Centre In Blac...

Oxford City Council has approved plans for a new, modern community centre in the heart of Blackbird Leys. The council's planning committee gave the go-ahead on Tuesday 20 May, paving the way for construction to begin later this year. The new centre is part of a broader redevelopment of the Distric

22/05/2025

GRAHAM Begins New Repairs And Maintenance Contr...

Leading construction and facilities management company GRAHAM has officially commenced a new repairs and maintenance contract with Sandwell Property Care, part of the Council's Corporate Landlord team. The contract covers the borough's extensive portfolio of non-housing properties, and will see GRA

22/05/2025

Work Starts On £38m Maternity And Women's Healt...

A significant milestone has been reached at Royal Bolton Hospital, as Bolton NHS Foundation Trust officially broke ground on the £38 million redevelopment of its Maternity and Women’s Health Unit. The work is being carried out in partnership with Robertson Construction North West and marks the sta

22/05/2025

Galliford Try Wins Silver Green World Award

Galliford Try's Environment business has been honoured with a prestigious Silver Green World Award in recognition of its outstanding environmental efforts at the Tophill Low Water Treatment Works (WTW). The project was selected from more than 1,200 entries worldwide, highlighting the global signifi

22/05/2025

New Low-Carbon Cement Terminal To Boost UK Cons...

A major new cement import facility planned for the North West of England is set to bolster growth in the UK construction sector while advancing the industry's efforts to reduce carbon emissions. The deep-water terminal, to be built at the former P&O site at Gladstone Dock in Liverpool, is the resul

22/05/2025

Oxfordshire Launches Annual Gully Cleaning Prog...

A major new drainage initiative is under way across Oxfordshire, with work now started to clean and empty every highway gully in the county annually. The £2.6 million programme, which began last month in Wheatley, will see nearly 145,000 highway drains, gullies, manholes, and catchpits cleaned by t

22/05/2025

Gentoo Unveils Multi-Million Home Improvement P...

Housing association Gentoo has announced a landmark investment programme aimed at improving more than 4,000 homes across Sunderland during 2025/26, in one of the city's largest ever housing improvement initiatives. The multi-million-pound scheme will deliver a wide range of upgrades to thousands of

22/05/2025

Bilfinger UK Secures Major Contract With Nation...

Bilfinger UK has secured a key contract with National Gas to help maintain the flow of gas across the National Transmission System (NTS), a move that will create up to 100 jobs and support vital national infrastructure. As Principal Designer and Principal Contractor, Bilfinger will lead a multi-dis

22/05/2025

Strategic Partnership Launches To Regenerate Lo...

A new strategic partnership has been formed between Network Rail Property, Places for London, and the London Borough of Lambeth to drive forward a major regeneration of London Waterloo Station and the surrounding South Bank neighbourhood. The collaboration follows the publication of the Waterloo St

22/05/2025

Wythenshawe Park Undergoes Major Accessibility ...

Wythenshawe Park has seen a series of improvements aimed at making it more accessible and enjoyable for all visitors, as part of Manchester City Council's £157,000 Clean, Green, Safer Manchester Investment. The funding supports a wider initiative to enhance green spaces across the city and has been