Carillion

Efforts to reduce the debt at Carillion have moved forward with the signing of a heads of terms with Serco Group for the disposal of a large part of its UK healthcare facilities management business. Pending approval from Carillion shareholders and consent from all the various clients, Serco will acq

Shares in Carillion were temporarily suspended this morning after the troubled construction group warned it expects to breach its financial covenants by the end of December and that full-year profits will be “materially lower” than current expectations. The contractor has been trying to reduce c

Andrew Davies Wates Group chief executive Andrew Davies has been announced as the new boss at Carillion.

Carillion has confirmed it is considering a number of takeover offers for its UK healthcare business. Having made a pre-tax loss of £1.15 billion in the first half of the year, the group is undertaking a strategic review with as much as £100 million being spent restructuring the business by the en

Losses at troubled UK building and services firm Carillion have now spiralled to £1.15 billion as more problem jobs were revealed by the firm this morning. In delayed half-year results, Carillion revealed it has made provision of £200 million for losses on its support services contracts and has ta

Ray Jones Amey has announced the appointment of Ray Jones from Carillion to its highways executive team.

Carillion has announced that its finance director Zafar Khan has left the company “with immediate effect” as part of a raft of leadership changes designed to turn around its fortunes. Zafar Khan, who only joined the beleaguered firm in January, will be replaced by Emma Mercer, who steps up from

Troubled infrastructure firm Carillion has been selected to deliver facilities management services at hundreds of military sites across the north of England, Scotland and Northern Ireland. With a core revenue value of £158 million over the initial contract period of five years, but with the opportu

The completion of work on the £745 million Aberdeen city bypass road is not in any danger despite turmoil at one of the project’s consortium partners, Transport Scotland has insisted. Last week construction and infrastructure firm Carillion continued a troubled spell after it issued a profit warn

The Royal Institution of Chartered Surveyors (RICS) is calling on construction firms in Scotland to help tackle the skills shortage in the industry by helping some of their community’s most vulnerable people get back into work. It has been predicted that the UK construction industry will create ar

Richard Howson Carillion chief executive Richard Howson has stepped down after the company warned that its annual results would be “below management's previous expectations”.

Philip Green Carillion has reported a 5% drop in pre-tax profits despite delivering strong turnover and profit growth at its UK construction division.

Humza Yousaf Work will soon begin on a project to lengthen platforms at Edinburgh Waverley for the introduction of new longer, faster, greener trains between Edinburgh and Glasgow and on the East Coast main line.

Infrastructure and support services group Carillion has completed a major refinancing deal worth £112 million. The group secured finance from German bank Schuldschein Market to replace funding arrangements that are due to mature in 2017 and 2018.

Carillion Powerlines has secured a £49 million contract to deliver railway electrification works in Scotland. The contractor will electrify 74km of the Shotts line railway from Holytown Junction to Midcalder Junction between Edinburgh and Glasgow.