Tilbury Douglas

As the UK’s largest player, Balfour Beatty is now the organisation that Whitehall should look to for signs of turbulence and strength in the construction sector.

In its 2018 results, the contractor pointed to achieving “industry-standard margins” but it was its comments about being set for greater, profitable growth in the…

Paragon, Dawnus and now Interserve.

The project in question is the Glasgow Recycling and Renewable Energy project. We already know the job has been the reason behind a £70m profit warning, the scene of worker unrest, a significant factor in a major supplier going under, and now it looks like becoming the subject…

Interserve’s rescue plan has been voted down by shareholders, with the firm now expected to enter administration – follow the live updates, reaction and analysis here.

The Ides of March is a day that history buffs will be well aware of.

It was the 15 March, the middle of the month, when Romans had to settle their debts, and also the day Julius Caesar was assassinated. By coincidence, or possibly poetic design, 15 March will also be…

Following months of rumour, Interserve finally announced that it would carry out a debt-for-equity swap with its lenders to the tune of £480m.

There were two surprising elements to this. The first was the quantity, with previous reports suggesting the value of the swap would be around £300m. The second was that it…

The news today has been dominated by two stories about borrowing money to stave off a crisis.

First there was Interserve, which confirmed it was in talks with lenders regarding a debt-for-equity deal to help tackle the huge amount of money it owed to lenders. Then there was Crossrail, which agreed a new…

Interserve has enjoyed a few months of relative calm on the stock market following wild swings in its share price between January and May.

That calm ended yesterday when its shares slid 12 per cent before plummeting a further 30 per cent in early trading this morning. No new information has…

Today was a big day for Interserve.

It was its first complete half-year under chief executive Debbie White, its first accounts since securing a £834m refinancing lifeline, and the first results since its huge £244m loss for 2017. Did Ms White and her chief financial officer Mark Whiteling defy the odds,…

Interserve’s chief executive Debbie White appeared in front of MPs on the public accounts committee this week to answer questions about the government’s strategic suppliers.

The PAC is collecting evidence about how the government interacts with its strategic suppliers in the wake of Carillion’s collapse, and is exploring whether the suppliers…

Interserve’s chief executive Debbie White and chief financial officer Mark Whiteling have perhaps the toughest management jobs in the industry right now.

They have to stem losses on legacy contracts – most notably energy-from-waste projects. They also have to maintain the confidence of investors and clients, and bring in the cash…