Carillion crashes out of FTSE 250

Aaron Morby 8 years ago
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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 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.

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