|Bid||0.500 x 300000|
|Ask||0.522 x 300000|
|Day's range||0.500 - 0.502|
|52-week range||0.451 - 3.068|
|PE ratio (TTM)||1.51|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y target est||N/A|
Shares (Berlin: DI6.BE - news) in crisis-hit construction and support services company Interserve (Frankfurt: 860509 - news) have plunged by nearly two-fifths after it issued a fresh profit warning. The group - which employs 80,000 people around the world and has a raft of key contracts from cleaning to school meals - said trading had seen a slowdown in the third quarter. Interserve admitted earlier in the week that it was in discussions with its lenders - after Sky News revealed that the banks had drafted in advisers amid growing fears about the state of its finances.
Lenders to the crisis-hit construction and support services group Interserve (Frankfurt: 860509 - news) have drafted in advisers amid growing fears about the state of its finances. Sky News has learnt that a consortium of high street banks, including HSBC and Royal Bank of Scotland (LSE: RBS.L - news) (RBS), hired EY last week in the wake of a massive profit warning from Interserve. The appointment of a top professional services firm will raise concerns that Interserve, which has contracts include managing the Salisbury Plain military training base for the Ministry of Defence, could be facing a financial restructuring similar to that of rival Carillion (Frankfurt: 924047 - news) .
Britain's Carillion Plc on Thursday confirmed that it had received proposals from more than one counterparty for the possible acquisition of its UK healthcare business. Share of the debt-laden company ...
Britain's Carillion (Frankfurt: 924047 - news) made its second profit warning this year and said it may need to sell shares to shore up its balance sheet, dealing a fresh blow to the construction and support services group's already weakened shares. Debt-laden Carillion booked an 845 million pound ($1.13 billion) writedown on problematic construction contracts in July, prompting the departure of its chief executive and its shares to lose nearly two-thirds of their value. Keith Cochrane, Carillion's interim CEO, said it had no specific timeline or size for any potential share sale.
Carillion (Frankfurt: 924047 - news) has issued a further profit warning while announcing a £1.2bn loss for the first half of its financial year. The construction firm, which is fighting for its financial future amid a massive debt pile and badly-performing contracts, said a series of further costs would deliver extra damage to its full-year performance. Top of the pile was a £200m provision for support services contracts - on top of a previously announced £845m writedown on its construction work.
British construction and support services group Carillion (Frankfurt: 924047 - news) said on Friday it expects full-year results to be lower than market forecasts, as it booked a further provision relating to services contracts. Carillion, whose shares have lost two-thirds of their value since it announced a writedown in mid-July, said it was in talks to sell its Canadian and UK healthcare businesses and intended to raise 300 million pounds ($402 million) from disposals, up from a previous target of 125 million.
Pension trustees at Carillion (Frankfurt: 924047 - news) , the crisis-hit construction group, have called in the world's largest audit firm to advise them amid a massive financial restructuring. Sky News understands that the trustees are working with PricewaterhouseCoopers (PwC) on options to safeguard members' interests, even as Carillion's pension deficit soars to nearly £600m. The appointment, which is understood to have been made several weeks ago, has emerged just hours before Carillion is due to present its delayed half-year results to the City.
Takeover speculation drove Carillion shares almost 20 percent higher on Wednesday after a London newspaper reported that a Middle Eastern firm was preparing a bid for the struggling construction and support services company. A spokeswoman said Carillion did not comment on "market speculation" in response to a City A.M. report on Tuesday which said a Middle Eastern construction group planned to submit a letter of intent for a takeover.
** Struggling builder Carillion +18.8 pct ** At least one Middle Eastern construction firm is eyeing Carillion's update this Friday ahead of a potential takeover bid - Newspaper City A.M. reports ** Final ...
A pack of UK banks have drafted in advisers to steer them through a financial restructuring at Carillion (Frankfurt: 924047 - news) , the troubled support services group. Sky News has learnt that lenders including Barclays (LSE: BARC.L - news) , HSBC and Royal Bank of Scotland (LSE: RBS.L - news) have appointed FTI Consulting (NYSE: FCN - news) ahead of a crucial set of results that Carillion is due to announce next week. FTI is said to have been hired in the last few days by the banks, which have lent hundreds of millions of pounds to Carillion.
It was once a sector beloved of investors. From the late 1990s onwards, as both central and local government sought to outsource more and more of their activities to private sector contractors, support services was seen as a sector that could do no wrong and that offered huge scope for growth. Today saw another horror story from the sector as Interserve (Frankfurt: 860509 - news) saw its share price more than halve following a profits warning.
Disgraced public relations firm Bell Pottinger has fallen into administration after being accused of running a "racially divisive campaign" in South Africa. Last week executives at Bell Pottinger told staff that the company's financial position had become parlous and that they could choose to terminate their employment immediately. Accountancy firm BDO was appointed appointed as administrators on Tuesday after the once leading City PR firm failed to find a rescue buyer.
Carillion (Frankfurt: 924047 - news) has confirmed its finance chief is departing after just nine months in the role, with the troubled construction group also announcing that it has hired a transformation specialist. The company, which is set to be relegated from the FTSE 250 this week following an 83% collapse in its market value over the past year, said Zafar Khan had left the company with immediate effect - as reported by Sky News . A statement to the London Stock Exchange (Other OTC: LDNXF - news) revealed a series of other departures from senior roles - with Carillion's chief operating officer Richard Howson leaving at the end of the month.
Britain's Carillion (Frankfurt: 924047 - news) announced the departure of its finance chief along with a series of changes to its management on Monday as the crisis-hit construction services company tries to stabilise its business and rebuild its balance sheet. Carillion has lost nearly 80 percent of its market value since mid-July when it booked an 845 million pound ($1.1 billion) writedown on problematic construction contracts announced the departure of its chief executive. CFO Zafar Khan will step down with immediate effect, to be replaced by Emma Mercer, the finance head of its UK construction business.
British construction services company Carillion said its finance chief, Zafar Khan, would step down with immediate effect. Carillion, which helps to maintain Britain's railways and roads, said the finance ...
British construction services company Carillion Plc (Frankfurt: 924047 - news) faces a fresh blow as its finance chief, Zafar Khan, steps down on Monday, just after nine months in the role, Sky News reported on Sunday. Khan's exit comes two months after chief executive Richard Howson was ousted as the company issued a full-year profit warning citing difficult markets and deterioration in some contracts. The firm, which helps maintain British railways and roads, said in July payment problems on four construction contracts nearing or reaching completion had forced it take a provision of 845 million pounds ($1.11 billion).
The crisis-hit support services group Carillion (Frankfurt: 924047 - news) will face a fresh blow on Monday with the departure of its finance chief after just nine months in the job. Sky News has learnt that Zafar Khan, the company's group finance director since January, is stepping down in the wake of a massive profit warning which has sparked doubts over its long-term future. Mr Khan's exit is thought to have been agreed with Keith Cochrane, who stepped in as Carillion's interim chief executive in July when Richard Howson was ousted from the role.
British public relations firm Bell Pottinger was accused of orchestrating a racially-charged campaign on behalf of the controversial Gupta family in South Africa
The disgraced public relations firm Bell Pottinger is on the brink of collapsing into administration, just days after controversial work for a South African client led to its expulsion from its industry association. Sky News understands that executives at Bell Pottinger briefed staff on Thursday afternoon that the company's financial position had become parlous and that they could choose to terminate their employment immediately. Sources said the agency - for decades a stalwart of the international PR scene - could formally appoint administrators as soon as next week.
Britain's Bell Pottinger has put itself up for sale after it lost clients for running a racially charged campaign in South Africa, potentially bringing down the curtain on one of the world's leading public relations agencies. After working behind the scenes on events ranging from the election of Margaret Thatcher to the death of Russian spy Alexander Litvinenko, Bell Pottinger has been brought down by a scandal of its own making. On Tuesday, it was thrown out of a British industry body for running a campaign in support of South African President Jacob Zuma.
PR agency Bell Pottinger lost its contract with banking giant HSBC and saw its second-biggest shareholder walk away on Tuesday after it was thrown out of an industry body for running a racially-charged campaign in South Africa. The firm, which provides crisis management to governments and corporations, is now caught up in a scandal of its own because of its campaign, seen as exploiting sensitive race relations to support President Jacob Zuma and his ruling party. Clients are now distancing themselves following its expulsion from the Public Relations and Communications Association (PRCA) for work the body described as "reprehensible".
It has been a summer of violent one-day falls in individual share prices, as Carillion (Frankfurt: 924047 - news) , Dixons Carphone (Frankfurt: CWB.F - news) and Provident Financial (Other OTC: FPLPF - news) can all attest. Today, Indivior (Frankfurt: 2IVA.F - news) can be added to that roll-call, the drug company having just seen its shares fall by almost 40% on a US court ruling. The decline has wiped more than £1bn from its stock market valuation.
Britain's financial watchdog has launched an investigation into Mitie over its 2015-16 results and the timing of a September 2016 profit warning, adding to problems at the outsourcing company as it tries to revive its fortunes. British outsourcing companies such as Mitie, Capita (Taiwan OTC: T1614Y.TWO - news) and Carillion (Frankfurt: 924047 - news) have been hit over the past year by rising labour costs and unplanned changes on contracts that were taken on during the financial downturn, often with paper-thin margins.
Carillion (Frankfurt: 924047 - news) , the British builder which warned on profits last month, has been named as the main contractor on a 300 million pound ($385 million) Manchester property development, it said on Thursday. The contract win represents a vote of confidence from contractors and customers in Carillion's ability to deliver on projects. Carillion has lost nearly 80 percent of its market value since mid-July, when it booked a 845 million pound writedown on problematic construction contracts and said Richard Howson would step down as chief executive.