Clients include Jaguar Land Rover, Magnox and Alder Hey Children鈥檚 NHS Foundation Trust

Alder Hey

Interserve has won more than 拢700m worth of work in the first quarter of the year, the firm said this morning.

In a trading update to the City, Interserve said its trading since the beginning of the year was in line with expectations, with more than 拢700m of new work won in the first quarter with clients including Alder Hey Children鈥檚 NHS Foundation Trust, Magnox, the Defence Infrastructure Organisation and Jaguar Land Rover.

The firm said the period also included the acquisition of an 85% share in Omani oil and gas services business TOCO for around 拢28m.

Interserve chief executive Adrian Ringrose said: 鈥淲e have unlocked material value from our balance sheet, reducing the pension deficit and are now seeking to use our strong cash position to invest further in strategically attractive opportunities in growth markets, including oil and gas services, infrastructure and the outsourced provision of public services.

鈥淎gainst the continuing backdrop of mixed market conditions, I am pleased by the good progress in each of our businesses.鈥�

 

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