Interserve in line with guidance

Interserve, the international support services and construction group, says overall trading has remained in line with previous guidance and expectations for full-year headline results are unchanged.

An update says: "Within this overall performance, we are anticipating that strong international construction and equipment services results will broadly offset a disappointing performance in UK construction."

The net debt position of the group as at 31 December 206 is expected to be better than previously guided, at £270-280m, driven by strong collections and other working capital management measures, which have more than offset an increased level of cash outflows from the exited Energy from Waste business.