Capita is raising 700 mn pounds to reshape a business that Lewis said had failed to adequately control costs and had grown unwieldy through acquisitions.
Britain’s pensions regulator twice ignored requests from trustees of collapsed outsourcing firm Carillion to force the company to plug its pension deficit.
Galliford Try laid out plans to raise 150 million pounds from investors in coming weeks and said it would bring forward plans to increase its dividend cover.
The British government said that another 101 jobs at Carillion Plc will be cut, as the fallout from Britain’s biggest corporate failure in a decade continues.
Handelsbanken reported fourth-quarter profit below expectations as loan losses stemming from the collapse of British construction and services group Carillion.
Insurer Fairfax Financial Holdings Ltd said it would buy some Canadian assets of bankrupt UK-based construction and services company Carillion for an undisclosed amount.
Capita lost 40% of its value after its new boss slashed profit forecasts and set out plans to raise cash to avoid the same fate as collapsed Carillion.
John Laing Infrastructure Fund, said it was working to replace collapsed Carillion as facilities management provider on nine projects.
Britain’s FRC watchdog said it had opened an investigation into KPMG’s audit of the now-collapsed Carillion (CLLN.L), covering the years 2014 to 2017.
British construction outsourcing company Carillion Plc attempted to “wriggle out of its obligations” to pensioners for the last decade, according to Parliament’s Work.
Board decides not to go ahead with buyback
Commences trading in Solar REC after gap of 1 Year
Step Down Arm To Buy Entire Stake In AnSem NV For $17 Mn
Bags Rs 279 Cr Order To Set Up Captive Plant At Trombay
Plant Has Capacity Of 50 MW On An EPC Basis
Board takes no decision on bids
Couldn't discuss bids due To Renuka Ramnath's Resignation
Board to meet today to discuss the restructuring
Airtel, Vodafone may sell controlling stake in Tower Firm
Telcos may jointly negotiate black sale of combined 66.6% stake
KKR, Providence, Brookfield & ATC could be potential buyers