HICL posted a 31 percent fall in full-year pre-tax profit and said the political environment and collapse of building contractor Carillion weighed on earnings,
Galliford Try Plc is likely to face additional costs due to weather-driven delays in the construction of Aberdeen’s new ring road this year, the company said.
Bosses of Carillion should face an inquiry into their fitness to serve as directors after they masked company’s financial ill-health with accounting tricks.
British construction and services company Interserve (IRV.L) said on Friday it signed refinancing deal with its lenders in a move to strengthen its cash balance.
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.
The collapse of construction firm Carillion and other problems in the British market contributed to a 20 percent drop in outsourcing contracts in Europe.
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.
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20