Rail infrastructure services firm Jarvis has gone into administration blaming Network Rail’s deferral of renewal works.
The company issued a profits warning in February restating that it had been “impacted by economic conditions generally and, in particular, the very considerable reductions in rail and plant work volumes”, but had been optimistic about its ability to diversify away from its dependence on Network Rail. Jarvis won a £55m contract from Chiltern Railways in...
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