December 29, 2004

Jarvis hits low

by brian_turner

Jarvis, the troubled engineering and construction group linked to the fatal Potter’s Bar rail crashe, has reported first-half losses of ’283 million – down from a profit of ’33.7 million in the same preiod last year.

Losses had actually been reduced by the recent sell-off of assets, such as roads (’24.5m), property (’25m), and the sale of its stake in the London Underground consortium Tube Lines to Spain’s Ferrovial for ’146m.

Jarvis still continues with debts of more than ’230m, and its creditors have been forced to extend credit to 2006 to lower the risk of the company being declared bankrupt.

More: Jarvis hits ‘nadir’ at half-year.

Story link: Jarvis hits low

Add to Bookmarks:

 

 

 

• Recent Posts

  • 26% of UK youngsters have tried hacking
  • Whitevector maps social media for marketing and brand management
  • FSB study highlights importance of broadband to SMEs
  • Samsung announces slate PC for later this year
  • Facebook takes action against stalker apps

• Most read today

  • Whitevector maps social media for marketing and brand management
  • 26% of UK youngsters have tried hacking
  • FSB study highlights importance of broadband to SMEs
  • Samsung announces slate PC for later this year
  • Libel your competitors with Google Adwords