Support services group Interserve (IRV) has been struggling for some time with ever-increasing provisions against its energy-from-waste business, climbing debt levels and (well-founded) scepticism from investors over the prospects of the outsourcing sector. It is hardly surprising, then, that investors were cheered by signs of a turnaround this week, when the group announced operating profit for 2018 was expected to be ahead of market expectations.
IC TIP:
Hold
at
120p