Carillion on the brink: Government contractor crashes nearly 30% amid fears rescue talks will fail



Shares in crisis-hit Carillion crashed nearly 30 per cent as fears grew that rescue talks would fail.
The key Government contractor, which is working on the HS2 high-speed rail link as well as hospitals and roads around the country, is on the brink of collapse with debts of about £1.5billion and a pension deficit of £587million.
Bosses have been in talks with lenders, including HSBC, Barclays and Santander, since Wednesday, centring on efforts to reduce debt or recapitalise.
But shares slumped to just 14.2p yesterday on reports that they had rejected the rescue plan as not being strong... read more

 
12 January 2018 in Business, Views: 56
Source: Daily Mail
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