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Interserve to roll out debt reduction plan in 2019

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Interserve to roll out debt reduction plan in 2019
FILE PHOTO: Interserve offices are seen in Twyford, Britain January 17, 2018. REUTERS/Peter Nicholls   -   Copyright  Peter Nicholls(Reuters)
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(Reuters) – British construction and services company Interserve Plc <IRV.L> said on Friday it would announce a plan to reduce its debt in early 2019 and that trading was in-line with management’s expectations in the first nine months of the year.

Interserve, which has faced deep scrutiny along with rivals Galliford Try <GFRD.L> and Kier <KIE.L> after the high profile collapse of Carillion <CLLN.L>, earlier this month stuck to its expectation of significant operating profit improvement in 2018.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Saumyadeb Chakrabarty)

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