|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||1.83|
|Forward Dividend & Yield||0.23 (38.01%)|
|1y target est||N/A|
Oct (Shenzhen: 000069.SZ - news) 16 (Reuters) - British support services and construction company Interserve Plc (Frankfurt: 860509 - news) said it was in talks with its banks to provide clarity on its current trading after warning on profits last month. HSBC, RBS and EY could not immediately be reached for a comment. The company said that work was under way to "provide greater clarity" on Interserve's current trading and waste-from-energy provision.
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 FTSE signed off September with a monthly loss on Friday, underperforming continental peers in a month that saw sterling shoot to its highest level since the Brexit vote. The FTSE 100 index ended ...
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.
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.
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.
The value of Scottish investment firm Kiltearn Partners' 10 percent stake in Carillion has fallen by around 70 million pounds ($91 million) after the construction firm's shares lost almost three quarters of their value following a profit warning in July. Carillion (Frankfurt: 924047 - news) disclosed on Aug. 11 that Kiltearn had hiked its stake to 10 percent at the start of February when shares were trading at around 225 pence each, becoming the company's biggest shareholder.
The directors of small British construction businesses are lending them more money to plug a funding gap as banks set tighter lending criteria and major contractors delay payments, a survey showed on Monday. Directors lent the companies 38 million pounds ($50 million)in 2015/16, up from 29.7 million pounds in 2013/14, said online finance market Funding Options, which surveyed electricians, plumbers, plasterers, carpenters, decorators, scaffolders and roofing businesses. "Confronted by continued borrowing constraints and often faced by long waits for payment, they (directors) are ploughing significant amounts of their own money into their businesses to ensure they remain on a firm financial footing," Funding Options CEO Conrad Ford said.
Britain's accounting watchdog is investigating Deloitte's auditing of Mitie Group (Other OTC: MITFF - news) , the outsourcing company that issued a string of profit warnings last year. The provider of pest control, cleaning, security and healthcare services had already written down the value of its business after a new management team found the company had been too aggressive in the way it booked revenue and costs on long-term contracts.