Interserve scores twice up north
Construction and maintenance firm Interserve has announced progress on two contracts in the north of England.
Construction and maintenance firm Interserve has announced progress on two contracts in the north of England.
The bigger contract is a £150m deal with West Yorkshire police to build two divisional headquarters in Leeds and Normanton, and a specialist training facility in Wakefield. Of the total, £50m will come from providing facilities management at the sites for 25 years. Interserve says it has now reached "financial close" on the project.
The firm has also won a £50m contract to provide facilities management at the new Alder Hey children's hospital in Liverpool.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Adrian Ringrose, Interserve's Chief Executive, says, "We welcome this opportunity to help Alder Hey realise its ambition of creating what will be one of the finest children's hospitals in the country."
Shareholders will be grateful as well, the value of their stock has fallen 13.5% so far this year - so the good news may come in handy.
BS
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published