And contractor Jarvis should extend the strong gains it made on Christmas
Eve after agreeing to sell its stake in the London underground maintenance
consortium Tube Lines to Spain's Grupo Ferrovial for 146.8 mln stg, and
revealing that its 'core' lenders have agreed to refinance its debt.
Jarvis shares soared 21 pct higher on Christmas Eve as press reports had
suggested the group was looking to sell the Tube Lines stake for little more
than 100 mln stg.
However the contractor also warned that despite the deal it is still
teetering on the brink of collapse and said it is considering the need for a
number of provisions and write offs ahead of the publication of its interim
results to be announced by the end of this year -- possibly as early as today.
Otherwise the corporate news diary is almost empty today
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