UK building and services firm Carillion has seen its share price fall 18%. It reported a first-half loss of £1.15bn and said it had taken an impairment charge of £134m on its UK and Canadian construction businesses.
It had also made provision of £200m for losses on its support services contracts.
This is on top of an £845m write-off announced in July.
Carillion’s full-year revenues are now forecast to be between £4.6bn-£4.8bn, down from a previous expectation of £4.8bn-£5bn.
How can a business solicitor help your company?
If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact us.
Call 0161 624 6811 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email firstname.lastname@example.org or email@example.com.
Latest posts by John Porter (see all)
- 5 Steps to consider before buying or leasing commercial property - 13th September 2023
- Changes to Employment Law April 2020 - 5th April 2020
- Toys R Us on brink of administration - 8th January 2018
- Talk over sale of Newcastle Utd as owner Ashley meets investment firm - 22nd December 2017
- GVC gambles on Ladbrokes Coral takeover - 15th December 2017