Carillion crashes out of FTSE 250

Aaron Morby 1 year ago
Share

Struggling Carillion has been demoted from the FTSE 250 as it as it prepares to launch an emergency fundraising next month.

Carillion will set out details of an emergency fund raising plan with its half-year results next month

Carillion had a turnover of £5.2bn last year and was rated in the FTSE 100 with a share price of around 192p in July.

Since revealing a £845m black hole last month, Carillion’s share price has tumbled to just 45p.

The run on its shares has caused market capitalisation to crash from almost £1bn to less than £250m following high profile problems on big contracts, including an Aberdeen road project and two NHS hospitals in public-private partnerships.

The contractor has now joined the FTSE Small Cap index.

Latest news

Bouygues profit warning over biomass plant problems

Two UK power jobs drag down results at group construction division
2 days ago

Site virtual reality swings London skyscraper planning appeal

48-storey Isle of Dogs tower secures planning at appeal
2 days ago

Gatwick Airport sets out £500m runway upgrade plan

Standby runway to be moved 12m to bring into routine short-haul service
2 days ago

Engie wins £195m Kingston Uni student halls revamp

Work to start on student accommodation upgrade next June
2 days ago

Boost your online presence – join the new Enquirer Directory

New site for suppliers and buyers will showcase their products, services and latest stories
6 months ago

First iKozie micro-home community gets thumbs up

Sixteen micro-flats to be built in Worcester
2 days ago

Plans for £450m Leeds hospital expansion

A new children's hospital and day patient block will be built at Leeds General Infirmary
2 days ago

Tool theft hits half of construction companies

Project delays and cost overruns caused by crime wave
3 days ago

Betting Spy: Chelsea and Fulham to land double

West Londoners can both come good this weekend at 3/1
2 days ago

RG Group starts tallest building in Yorkshire

Landmark student skyscraper will rise to 37 storeys
3 days ago

Government calls for fire tests on high-rise spandrel panels

Spandrel panels now under the spotlight as fire spread risk in tall buildings
3 days ago

Surveyors report rising workloads but Brexit fears loom large

Workloads up in Q3 but credit squeeze is becoming a major issue
3 days ago

Voice controlled windows tint on command

Latest tech means you can talk to your windows
3 days ago

Suffolk council to renew £750m East of England framework

PQQs published next month for revamped public building framework
3 days ago

Police swoop on Romanian site slave labour gang

Eight arrests in east London as police target construction human trafficking
3 days ago

£248m awarded to reclad 135 unsafe housing blocks

Government releases first tranche of £400m recladding fund
3 days ago

Crest Nicholson sounds profit warning

Build rates to be slowed down as London and the south suffers from lack of buyers
4 days ago

Welsh ministers look to rebid £1.3bn M4 relief road

Cost-saving plan to split 23km Costain/Vinci motorway scheme into three contracts
4 days ago

Bouygues confirmed for £250m Cavendish labs

Cambridge University signs contract for 354,000 sq ft physics complex
4 days ago

Balfour Beatty renews £2.1bn Scape UK civils deal

Contractor reappointed as sole supplier for infrastructure across the UK
4 days ago

Muirfield boss banned after creaming cash from failed firm

Ex chairman gets nine-year director disqualification after siphoning off £880,000
4 days ago

Ex-Bouygues director joins Speller Metcalfe

Martyn Chaplin joins the Midlands builder after 15 years with Thomas Vale and Bouygues UK
4 days ago

Warden Construction wins £26m Sheffield student job

Work to start in February on 289-bed scheme in St Vincent’s Quarter
4 days ago

Galliford Try JV starts £20m Burton-on-Trent flood defence job

Bleak & Veatch is also on board to deliver 4km of river defences
5 days ago

Bellway sets aside almost £6m for post-Grenfell recladsd

Estates in East London and Cardiff Bay to be reclad
5 days ago

New firm set up at same address as South Eastern Electrical

New business incorporated just weeks before M&E specialist filed for administration
5 days ago

Banks cut lending to construction firms

Post-Carillion squeeze in bank lending to construction
5 days ago

North Midland scoops £225m South West Water alliance deal

H5O Alliance will be worth £25m-£45m a year to North Midland Construction
5 days ago

Metal Yapi wins major facade package from Mace

Specialist lands deal at Olympic park to clad residential towers
5 days ago

ISG wins £26m Wolverhampton Uni college rebid

New School of Architecture and Built Environment will be built at the former Springfield Brewery site
5 days ago

Contractor services