Interserve upbeat on growth prospects
Ongoing government expenditure in prioritised sectors such as education, health and custodial has kept maintenance and building outfit Interserve on track since the start of the year.
The UK mid-cap said it has traded in line with expectations set out at its final results in March.
"With the position we have developed in promising markets both in the UK and internationally, we are well placed to continue our record of growth," it said today.
The firm's pipeline of work in the UK private sector remains "healthy", while its Middle East markets are buoyant and "continue to offer opportunities for continued strong growth."
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It has also announced that its UAE associate company has won a new £140m contract to build the infrastructure for the residential and commercial Al Furjan (housing) development in Dubai.
Interserve's share of the deal is £65m.
A trading update is due on 9 July followed by interim results on 13 August.
