Construction News

11/05/2018

FCA To Probe Inside Trading At Interserve

Interserve is being investigated by the Financial Conduct Authority over its sharing of inside information.

In a statement, the company revealed the financial watchdog had launched a probe into Interserve's handling of inside information and its market disclosures in relation to its exited Energy from Waste (EfW) business during the period from 15 July 2016 to 20 February 2017.

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In May 2016, the company revealed it would have to write off £70m on a £146m contract with Viridor after citing issues with the Glasgow Recycling & Renewable Energy Centre project.

Interserve said: "The Company will co-operate fully with the investigation and will update the market on the outcome in due course."

(LM/MH)

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