Services, maintenance and building group Interserve PLC LSE: IRV) said it has been awarded a £110 million contract to design and construct a new prison for the Ministry of Justice. The facility, to be known as HMP/YOI Isis, will be situated within the current Belmarsh prison campus site in Woolwich.
The new, 480-place training prison for young adult males is to be constructed to Category B security standards on underused land within the existing HMP Belmarsh perimeter wall. Construction is expected to be complete by the middle of 2010.
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In a note published shortly after a bullish trading update, broker Arden Partners said the company’s shares are worth 130p each
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Growth in the US is such that it will soon become a larger sales generator than the UK.
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Very simply, Frontier acts as the commercial cocoon around the intellectual property being spun out of universities and their inventors