|Bid||0.00 x 14700|
|Ask||0.00 x 70800|
|Day's range||960.50 - 1,039.86|
|52-week range||942.00 - 1,505.00|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.00 (0.00%)|
|1y target est||1,485.00|
UK shares managed a meagre gain on Thursday after a three-day losing streak as Britain's third-biggest company, Unilever, fell after announcing it would make Rotterdam its sole legal home a year before ...
UK shares gained on Thursday after three days in the red, while Britain's third-biggest company, Unilever, fell after announcing it would make Rotterdam its sole legal home a year before Brexit. At 1000 ...
The company, whose activities range from building power stations to outsourcing work for local councils, said pipeline conversion was strong in construction and services business. The construction and support services company posted an underlying operating profit of 60 million pounds in the six months ended Dec. 31, up from 57.3 million pounds a year earlier. Helped by demand in its regional building and highway services businesses, the company said its order book grew to 9.5 billion pounds in the six months to Dec. 31, from 8.9 billion at June-end.
Another 452 jobs are to be cut at Carillion (Frankfurt: 924047 - news) , the British government said on Monday, meaning about 5 percent of the collapsed construction and support services company's domestic workforce has been put out of a job so far. Carillion, which employed around 18,000 people in the United (Shenzhen: 000925.SZ - news) Kingdom, collapsed on Jan. 15 when its banks halted funding, triggering Britain's biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to roadworks. The Official Receiver, which manages insolvencies for the British government, has since been looking through the about 450 contracts that Carillion was managing when it collapsed, seeking alternative contractors to complete the tasks.
The FTSE index dipped briefly after the pound rose on figures which showed an unexpected acceleration in British economic growth in the fourth quarter of 2017. AstraZeneca (AZN.L) added 1.9 percent after it reported that its inhaler for chronic obstructive pulmonary disease (COPD) showed improved lung function in a late stage trial. GlaxoSmithKline (GSK.L) rose too, up 1.5 percent as its shingles vaccine moved a step closer to the market after a European Medicines Agency (EMA) panel gave a positive opinion on the drug.
The FTSE index dipped briefly after the pound rose on figures which showed an unexpected acceleration in British economic growth in the fourth quarter of 2017. At 1037 GMT, the FTSE had recovered and was up 0.6 percent at 7,659.65 points with all sectors pointing higher and healthcare and financials contributing most to the index's rise. Online gambling firm GVC fell 5 percent, the top faller on the FTSE 250 index, after making a provision of about 200 million euros for a tax bill from Greek authorities.
Carillion plc (LON:CLLN) might have collapsed, but there can still be great bargains in the outsourcing and construction sector.
Kier, whose activities range from building power stations to outsourcing work for local councils, also said it expects net debt to be lower over the next two years. The rosier outlook comes as rival Carillion buckled under a huge debt load. Kier said it expects about 30 million pounds stronger cash generation after this year on lower costs for investments.
Shares (Berlin: DI6.BE - news) of Kier Group (LSE: KIE.L - news) rose more than 13 percent on Thursday after the British construction and support services company reiterated it would deliver double-digit growth in 2018. Kier, whose activities range from building power stations to outsourcing work for local councils, also said it expects net debt to be lower over the next two years. The rosier outlook comes as rival Carillion (Frankfurt: 924047 - news) buckled under a huge debt load.
LONDON/CAMBRIDGE, England (Reuters) - Britain ordered a fast-track inquiry into the role played by Carillion's directors in the failure of the construction and services group, as some of its thousands of small suppliers started to lay off workers on Tuesday. The government, which relies on big outsourcing companies such as Carillion to provide services from school dinners to road building, stepped in to guarantee that key contracts would be unaffected. Business Secretary Greg Clark said a full picture of the events which caused Carillion to enter liquidation needed to be established by the Insolvency Service.
LONDON (Reuters) - Britain's public sector awarded eight contracts to construction firm Carillion after July last year when the company issued a profit warning, Prime Minister Theresa May's spokesman said ...
Britain said on Monday that the country's multi-billion pound rail project High Speed 2 would be delivered despite the collapse of Carillion (Frankfurt: 924047 - news) , one of the contractors charged with its delivery. Carillion's failure creates a fresh problem for HS2, which has been beset by rising costs and vehement opposition from environmental campaigners and some lawmakers. Carillion entered compulsory liquidation on Monday in one of the biggest British corporate failures in recent years, marking the end of the road for an infrastructure giant which held hundreds of public contracts.
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.
Britain on Monday awarded $8.6 billion worth of contracts to companies to build a new high-speed rail network, naming a string of construction firms including the crisis-hit Carillion (Frankfurt: 924047 - news) to deliver the major infrastructure project. Announcing the companies that will build the railways, bridges, embankments and viaducts needed along the route of the London to Birmingham line, the Department for Transport named Carillion as part of a joint venture to work on the route. Carillion lost 70 percent of its market value last week after it wrote off 845 million pounds of cash expected from customers, forcing it to cut its profit forecasts and part ways with its chief executive.
Britain's move to leave the European Union is delaying major UK infrastructure projects from tower blocks and power stations to new roads and rail lines, construction and services company Kier Group (LSE: KIE.L - news) said on Thursday. Construction contracts for high-rise buildings and large office blocks in major cities, as well as public funding and approvals for large-scale road, transport works and power stations are all being delayed, he told Reuters. Helped by this, Kier said its order book stood at about 9 billion pounds at the end of December, up from 8.7 billion at the end of June.
Britain's Kier Group (LSE: KIE.L - news) is on track to meet its full-year expectations, the construction and support services company said on Thursday, as it reported a 4 percent rise in first-half profit and a larger order book. The company also announced a joint venture with CKH Developments Ltd, an east England-focused housing association and care services provider, which it said would free up funds to invest in other parts of its business. Kier, whose activities range from building power stations to outsourcing work for local councils, said it would transfer land and residential developments worth 97 million pounds ($121 million) to the joint venture, while receiving a cash payment of up to 64 million pounds.