Forward looking and dedication will make "Jarvis" a name to remember. IMO

babykitcat I agree it all depends on the vibes on the day (EGM).

Independent dated 06/01/05

* Alan Lovell, Jarviss new chief executive, reckons that Jarvis can escape its fate and be rescued. At Costain he found a buyer to put up new equity, maybe he can find one for Jarvis too

quids in if he does

i see some people do have faith in the old girl yet

news snippets rather than just up 10%etc cheers...

Jarvis has a strong future, we will be looking around 2 a share by end of this year.

I wish. personally don't see it happening but u never know.

Rerated by IC mag to "Fairly priced".


Jarvis tried to use these results, issued between Christmas and New Year, to draw a line under its annus horribilis. With 240m of write-offs (mainly from goodwill) contained within them, they make ugly reading. But Jarvis says that they represent "the nadir" of its fortunes.

Alan Lovell, the chief executive, has been busy since his arrival in October. He has raised money by selling Jarvis's stake in the Tubelines joint venture. Refinancing has also been agreed with its bankers, and bankruptcy has been avoided by a whisker. These new finances will give the group 15 more months of breathing space. By then, Jarvis hopes to have exited all of its loss-making construction contracts, stripped 50m out of its cost base, and focused itself on running a more stable business in roads, rail and plant operations. Even in these remaining businesses, though, all is not well. The roads division, for example, has encountered unfavourable operating conditions.

Tackling Jarvis's problems has meant a 32m restructuring and refinancing cost (including professional fees). But the City doesn't seem to mind, and even breathed a sigh of relief in the belief that the worst is over - the shares rose 58 per cent on the day of the announcement.

today should be interesting as we have then AGM on monday and as for what will happen on monday who knows

OH DEAR it seems we are stuck in a lift (GOING DOWN SIR)

Hopefuly the engineer will soon be out to fix it so we can start going back upto the top floor!!

may be were in the lift @ WOOLWORTHS!!!

Doh!!!

Potters Bar crash: report highlights scale of failures
By Dick Murray Transport Editor, Evening Standard
10 January 2005
Rail contractor Jarvis faces prosecution after an official report highlighted lax safety measures which may have led to the Potters Bar rail crash.

Seven people died and 76 were injured when a London to King's Lynn express came off the track at 100mph after a set of points broke underneath the train in May 2002.

In a confidential briefing to victims' relatives, health and safety investigators have revealed the scale of the firm's failings. Relatives were told that:



? The system for fixing defects was virtually " nonexistent".

? Jarvis maintenance staff "routinely" found track nuts vibrating loose - missing nuts led to the collapse of the Potters Bar points.

? Key track staff were "not fully competent" and did not even understand how track points worked.

? Railtrack inspectors did not visit track work.

The Health and Safety Executive has now passed a file on its investigations to the Crown Prosecution Service which will have to decide what action to take against Jarvis, the rail engineering giant responsible for maintenance of the points and Railtrack, now Network Rail, in overall charge of infrastructure.

An HSE spokeswoman confirmed: "Our file has gone to the CPS."

But sources say both Jarvis and NR will escape corporate manslaughter charges because of the difficulty in establishing any evidence linking specific individuals to the faulty track points which caused the four carriage West Anglia Great Northern Train to derail.

Instead, the HSE is expected to pursue separate action for the lesser charges of breaches of safety regulations.

Louise Christian, the solicitor who represented the families of five of those who died, said: "This was an absolute shambles from beginning to end."

She predicted Jarvis and NR would plead guilty to breaches of safety regulations "and escape with a fine" - and said the legal moves again showed there was a need for a public inquiry "to establish who was to blame and what the possible risks are for passengers today".

Once it has been decided officially there will be no manslaughter charges, an inquest will take place, scheduled for next month.


wilbs

the payout is capped at 3 milion and the rest will be paid by the insurance so the above is very old news.

This just appeared in The Huddersfield Examiner this afternoon, don't know whether it's new news or old news?

School firm Jarvis axed Jan 11 2005




By Neil Atkinson, The Huddersfield Daily Examiner


TROUBLED firm Jarvis are to be axed from their contract to maintain Kirklees schools.

Top councillors are proposing that a new investment company take over the multi-million pound contract.

The moves are intended to secure the long-term future of a contract for the maintenance, caretaking and cleaning of 19 schools in Kirklees and have been agreed by a council Cabinet committee.

Hundreds of cleaners, catering workers and caretakers in Kirklees are employed by support services group Jarvis, but their contracts will be switched to the new service providers.

Jarvis are in serious financial trouble and are heavily in debt.

The proposed move will lead to an end to the council's relationship with Jarvis plc, which was the partner involved in a major multi-million pound construction programme in the schools, and the subsequent maintenance contract.

The schools are those that were transformed under huge investment through the Government's public private partnerships initiative, under which Jarvis plc carried out major construction and refurbishment.


http://ichuddersfield.icnetwork.co.uk/0100news/0100localnews/tm_objectid=15064255%26method=full%26siteid=50060%26headline=school%2dfirm%2djarvis%2daxed-name_page.html

old news.

can we have some new UPBEAT new as im getting bored in this lift and will be pressing the exit button shortly

azhar - 11 Jan'05 - 20:52 - 101 of 102

old news.

Is it really? The Kirklees decision was taken that afternoon - try reading page 2 of the link (or is that too much trouble).

and

babykitcat - 11 Jan'05 - 21:08 - 102 of 102

can we have some new UPBEAT new as im getting bored in this lift and will be pressing the exit button shortly

Bye Bye

I got bored so I got out yesterday. Time to move on.