The collapse of Carillion could be “the first in a series of crises for construction’s big players,” according to leading consultant Mark Farmer. Farmer told Business Insider that Carillion could be the first of several household names to fall if the industry does not “overhaul itself.” “The scale and cost […]
A hedge fund company that donated £50,000 to the Conservatives before the election reportedly made over £7 million betting on Carillion’s shares falling. Labour calls Theresa May a “hypocrite” over links to Naya Capital Management UK. Jeremy Corbyn accused the government of “negligence” over its handling of Carillion on Wednesday. […]
The government has fast-tracked an investigation into the directors at failed construction giant Carillion. LONDON – The government ordered a “fast-tracked” investigation into the conduct of directors at failed construction giant Carillion. The construction firm was one of the government’s biggest contractors until it collapsed into liquidation on Monday after […]
The government’s handling of the collapse of construction firm Carillion has been criticised. Carillion has around 450 public contracts but the government wouldn’t step in to back the company’s £1.5 billion debt pile. Transport Secretary Chris Grayling handed Carillion part of a £1.4 billion HS2 contract last summer in the […]
Carillion placed into liquidation after six-month battle to get on top of its £1.5 billion debt pile. Construction giant employs 19,500 people and is a major government contractor. The government is stepping in to pay Carillion staff working on government contracts. LONDON – Crisis-hit construction firm Carillion on Monday announced […]
Minister met to discuss the future of construction giant Carillion, amid fears the struggling firm is approaching collapse. The company is fighting net debts of more than £900 million, following a crisis sparked in July last year when it issued a profit warning. As well as employing 19,500 people in […]
The UK’s financial regulator has begun an investigation into troubled construction firm Carillion. The Financial Conduct Authority is looking into announcements made by the firm in 2016 and 2017, over which time Carillion’s profits declined and shares plummeted. Carillion said it was cooperating fully with the investigation. LONDON – The […]
Shares in FTSE 250 construction giant Carillion...
LONDON -- Troubled construction company...
FTSE 250 company Carillion saw its shares...
