Carillion: The signals that the company was going bust

Carillion: The signals that the company was going bust
 

Carillion's collapse was for many people a bolt from the blue - a large UK company that had no obvious problems went bust in a little more than a year.
Even the company's directors seemed to have no idea what was about to happen. In the annual report published in March, they signed off a "viability" statement saying there was no reason to think the company would have financial difficulties in the next three years.
Outside the company, however, there was widespread scepticism.
Investors had begun betting against Carillion shares as long ago as 2013.
Six months ago, at the height of... read more

 
20 January 2018 in Business, Views: 57
Source: BBC
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