Soaring Cost of Contract Bids Rocks Jarvis

Summary


SHARES in troubled public sector contractor Jarvis plunged to a seven-year low today after it laid bare its Private Finance Initiative woes, writes Robert Lea.

A shock warning on rising contract costs for work it has failed to bag sent the shares tumbling 91/4p to 130p. That follows yesterday's 24% slide.

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Extract


Soaring Cost of Contract Bids Rocks Jarvis

Jarvis, chaired by Tory London mayor hopeful Steve Norris, ...

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