BBC boosts Interserve

INTERSERVE has clinched a BBC contract extension worth £140m, marking its second major deal since being forced to issue a profit warning last week.

The troubled outsourcing and construction group will continue providing services to the BBC until 2023, extending an account that was first awarded in 2014.

The company will provide services such as cleaning, portering and security at BBC sites through Britain.

Days earlier Interserve won a £227m Government contract with the Department for Work and Pensions.

Interserve issued a profit warning last week along with revelations it could breach its banking covenants. Shares plunged more than 30pc on Thursday.