Pre-tax profit at outsourcing company Interserve fell by a third in the first six months of the year, from 拢40m to 拢27.3m

The firm attributed the fall to weaker demand for construction and equipment services. Turnover was broadly flat at 拢944.5m, UK construction revenue fell by 6.3% to 拢380m and its forward order book stood at 拢5.7bn.

The firm said it was confident that in the medium term the government鈥檚 clampdown in spending would lead to more opportunities for the outsourcing of public services.

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