|Bid||1,083.00 x 14700|
|Ask||1,086.00 x 70800|
|Day's range||1,078.00 - 1,115.00|
|52-week range||1,078.00 - 1,505.00|
|PE ratio (TTM)||92.74|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
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.