Jarvis Delays Results and Admits Bank Debt Talks

Evening Standard - London › May 25, 2004

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Summary

TROUBLED rail engineer Jarvis today said its annual results are to be delayed by up to six weeks and admitted it is in talks with its lenders amid fears it could breach its banking covenants.

Jarvis had been expected to report sharply falling profits and a steep increase in debt in the second week of June - the week its chairman, Steve Norris, goes to the polls as Conservative candidate for London Mayor.

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Extract

Jarvis Delays Results and Admits Bank Debt Talks

Jarvis's director of communications, Jonathan Haslam...

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