A sharp drop in Interserve’s share price to its lowest level since 1984 has forced the contractor to issue a statement to the City in a bid to quell market jitters.
The company’s share price slumped by 20% on Tuesday (13 November) amid speculation about its financial position. Interserve has been wrestling with problem contracts in the waste-to-energy sector.
At their lowest level in early trading, the company’s stock market price hit 32.14p a share, having reached a 30-year low on Monday. Yesterday (14 November), it closed at 36.98p a share.
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