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.
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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 jap@wrigleyclaydon.com or si@wrigleyclaydon.com.
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John Porter
John has been with Wrigley Claydon for over 20 years, becoming a partner in 1995. Specialising in Employment Law, John helps clients with matters including the preparation of recruitment policies and employment contracts as well as advocating in employment tribunals in cases of unfair dismissal or discrimination.
He also has considerable experience of dealing with landlord and tenant disputes and matters relating to business and company sales, commercial investment property transactions and lettings as well as residential estate and offshore property developments.
“I know I’ve done a good job when the business doesn’t need me!”
John is never happier than when spending time with his wife and 2 children, Lucy and Alex. John is Chair of Respect Our Community Awards (ROCA) and a board member of First Choice Homes Oldham. In his spare time, John is likely to be found either reading, cooking or walking Donnie the Golden Retriever.
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
