12/06/2003
Jarvis reports huge rise in profits
In its preliminary annual results posted today, Jarvis has reported a pre-tax growth in profits of 37%, to £62.7 million.
Jarvis, an international facilities management and infrastructure services group, announced a total turnover increase of 28%, to £1.2 billion. Group operating profit (before goodwill amortisation) also soared by 27%, to £79.6 million.
Jarvis also reported a healthy order book of £10 billion supported by record bid pipeline of £14.5 billion. Company cash flow is also healthy at £58.4 million.
Jarvis Chairman, Paris Moayedi, said: "Jarvis is well positioned to take full advantage of the growth potential within all our core markets. With our record order book, dedicated and experienced team and careful approach to bidding and project management, we are well placed to continue our track record of managed, predictable growth for the years to come."
Kevin Hyde, the recently appointed Chief Executive, added: "Our strategy is to ensure that we are in an excellent position to deliver integrated services to local authorities, using the powerful combination of skills and resources from across all of Jarvis’ operating divisions. The £135 million environmental services contract for Herefordshire Council demonstrates our success in providing the local community with a broad range of services."
The group also announced today its appointment as preferred bidder on a schools project in Croydon and financial close of the Reading University Phase II project under its University Partnership Programme.
(GMcG)
Jarvis, an international facilities management and infrastructure services group, announced a total turnover increase of 28%, to £1.2 billion. Group operating profit (before goodwill amortisation) also soared by 27%, to £79.6 million.
Jarvis also reported a healthy order book of £10 billion supported by record bid pipeline of £14.5 billion. Company cash flow is also healthy at £58.4 million.
Jarvis Chairman, Paris Moayedi, said: "Jarvis is well positioned to take full advantage of the growth potential within all our core markets. With our record order book, dedicated and experienced team and careful approach to bidding and project management, we are well placed to continue our track record of managed, predictable growth for the years to come."
Kevin Hyde, the recently appointed Chief Executive, added: "Our strategy is to ensure that we are in an excellent position to deliver integrated services to local authorities, using the powerful combination of skills and resources from across all of Jarvis’ operating divisions. The £135 million environmental services contract for Herefordshire Council demonstrates our success in providing the local community with a broad range of services."
The group also announced today its appointment as preferred bidder on a schools project in Croydon and financial close of the Reading University Phase II project under its University Partnership Programme.
(GMcG)
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30 July 2004
Jarvis posts £246m annual losses
Jarvis, the engineering firm which accepted liability over the Potters Bar rail crash which killed seven people in 2002, has posted annual pre-tax losses of £246 million. In its preliminary results for the year ending March 31, the group reported total losses of £246.7 million, compared to £62.7 million profits the previous year.
Jarvis posts £246m annual losses
Jarvis, the engineering firm which accepted liability over the Potters Bar rail crash which killed seven people in 2002, has posted annual pre-tax losses of £246 million. In its preliminary results for the year ending March 31, the group reported total losses of £246.7 million, compared to £62.7 million profits the previous year.
10 February 2005
BT reports rise in 'new wave' turnover
BT Group has reported "new wave" turnover at £1.14 billion is up 35%, and now represents a quarter of group turnover, as the third quarter figures were published today.
BT reports rise in 'new wave' turnover
BT Group has reported "new wave" turnover at £1.14 billion is up 35%, and now represents a quarter of group turnover, as the third quarter figures were published today.
27 October 2003
Barclays buys wealth management firm for £210m
Barclays Bank has today announced the acquisition of Gerrard Management Services from Old Mutual plc for £210 million. Gerrard is one of the UK’s leading private client wealth managers with £12.5 billion assets under management and 116,000 client accounts.
Barclays buys wealth management firm for £210m
Barclays Bank has today announced the acquisition of Gerrard Management Services from Old Mutual plc for £210 million. Gerrard is one of the UK’s leading private client wealth managers with £12.5 billion assets under management and 116,000 client accounts.
06 December 2011
£1bn Regional Growth Boost Announced
The UK's £1 billion boost to the Regional Growth Fund announced in the Chancellor’s Autumn Statement last week is expected to enable the fund to support around half a million jobs in total. Deputy Prime Minister Nick Clegg will visit the North West today where he will set out further details on the boost to fund, which will now be £2.
£1bn Regional Growth Boost Announced
The UK's £1 billion boost to the Regional Growth Fund announced in the Chancellor’s Autumn Statement last week is expected to enable the fund to support around half a million jobs in total. Deputy Prime Minister Nick Clegg will visit the North West today where he will set out further details on the boost to fund, which will now be £2.
10 November 2011
£95M Bank Fund For Business
Hundreds of small businesses will be given £95 million as part of a bank fund to "boost growth" and "rebalance the economy", the Prime Minister said today. David Cameron said the funding was expected to create 4,000 jobs and "unlock" around £500 million of new investment by small and medium businesses (SMEs).
£95M Bank Fund For Business
Hundreds of small businesses will be given £95 million as part of a bank fund to "boost growth" and "rebalance the economy", the Prime Minister said today. David Cameron said the funding was expected to create 4,000 jobs and "unlock" around £500 million of new investment by small and medium businesses (SMEs).
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.