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MORNING NEWS: Interserve and Carillion woes

Interserve is in the headlines again. This time the company’s board is being criticised after the chief executive who presided over profit warnings and a collapse in its share price was given a payoff.

Carillion also gets the once over ahead of the delayed publication of first-half profits on Friday. The embattled construction and support services group is reported to be in talks to sell a chunk of its overseas business as it embarks on a radical cost-cutting and disposal plan.

And a couple of leisure investments make the news. Kensington casino Maxims has been put up for sale by its Malaysian owner, while the former Bank of Scotland headquarters in Edinburgh has been sold for conversion to a Gleneagles club.

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