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Carillion PLC (CLLN.L)

CLLN.L on London Stock Exchange

46.50GBp
25 Sep 2017
Change (% chg)

3.00 (+6.90%)
Prev Close
43.50
Open
43.25
Day's High
46.50
Day's Low
43.00
Volume
4,502,848
Avg. Vol
9,551,619
52-wk High
265.00
52-wk Low
40.15

Latest Key Developments (Source: Significant Developments)

Artificial intelligence platform Luminance signs contract with Carillion's unit
Monday, 14 Aug 2017 03:45am EDT 

Aug 14 (Reuters) - Luminance :SIGNS UP LEGAL SERVICE PROVIDER CARLLION ADVICE SERVICES (PART OF CARILLION GROUP) TO USE ARTIFICIAL INTELLIGENCE TECHNOLOGY.CAS WILL ALSO USE LUMINANCE FOR IN-HOUSE CONTRACT ANALYSIS TO HELP COMPANY MANAGE ITS INTERNAL LEGAL DOCUMENTS.  Full Article

Carillion says joint venture awarded two further HESTIA contracts
Tuesday, 18 Jul 2017 02:00am EDT 

July 18 (Reuters) - Carillion Plc ::Carillion JV awarded two further HESTIA contracts.Announce that its joint venture has been awarded HESTIA North, and Scotland and Northern Ireland Soft Facilities Management Multi Activity Contracts.These latest contracts follow on from award of South East and London contract by DIO to joint venture earlier this year.Two new contracts have a core revenue value of 158 mln stg over initial contract period of five years.  Full Article

Carillion: brief respite
Monday, 17 Jul 2017 04:12am EDT 

** Embattled British construction and support services firm's shares RIC up for a second day:** Shares rise as much as 11 pct to top the mid cap index .FTMC.** Says appointed accounting firm EY to support strategic review, focusing on cost cuts and cash collection.** Company is reviewing "all options" after it booked a 845 million pound writedown against customer payments it no longer expected to be able to collect.** Says its JV was awarded two lots of work for a new high speed railway project to link London with the north of England worth 1.4 bln pounds.** "It is encouraging that they can still win government contracts, which may have a positive read for their Hades bid too. Our view remains that the business will survive but the ownership is likely to change significantly," Liberum analysts wrote.** Stock has fallen about 68 pct since July 10 when co said its CEO is stepping down, and issued a FY profit warning.  Full Article

Carillion says CEK JV awarded 2 HS2 lots worth 1.4 bln stg
Monday, 17 Jul 2017 02:19am EDT 

July 17 (Reuters) - Carillion Plc ::Carillion plc - hs2 contract award.‍CEK (Carillion, Eiffage, Kier) joint venture award 2 HS2 lots worth £1.4 bn​.‍these lots will be awarded in two stages​.‍stage two is construction of main works and this is expected to take between four and five years to complete​.‍stage two is construction of main works and this is expected to take between four and five years to complete​.  Full Article

Carillion names EY to support its strategic review
Monday, 17 Jul 2017 02:00am EDT 

July 17 (Reuters) - Carillion Plc ::Appoints EY to support its strategic review.Board has identified a number of actions to reduce average net borrowing including further cost efficiencies.  Full Article

Carillion sees FY performance below management's previous expectations
Monday, 10 Jul 2017 02:17am EDT 

July 10 (Reuters) - Carillion Plc :H1 revenue expected to be similar to that in 2016 at approximately 2.5 bln stg.Issuing revised full-year guidance, with revenue now expected to be between 4.8 bln stg and 5 bln stg.H1 operating profit lower than expectations primarily due to phasing of public private partnerships (PPP) equity disposals, which are now expected to be in H2.Overall FY performance expected to be below management's previous expectations.Disposals to exit non-core markets and geographies to raise up to a further 125 mln stg in next 12 months.2017 dividends suspended resulting in a cash saving of approximately 80 mln stg.Review has resulted in an expected contract provision of 845 mln stg at 30 June 2017.Announces it is undertaking comprehensive review of business, capital structure.Only undertaking future construction work on a highly selective basis and via lower-risk procurement routes.As part of review, co to exit from construction PPP projects;exit from construction markets in Qatar, Kingdom Of Saudi Arabia, Egypt.Future net cash outflows in respect of these contracts is 100 mln stg-150 mln stg.  Full Article

Carillion appoints Keith Cochrane as interim CEO after Richard Howson steps down
Monday, 10 Jul 2017 02:15am EDT 

July 10 (Reuters) - Carillion Plc :Keith Cochrane has been appointed as interim group chief executive, while a search is undertaken for a permanent appointee.Richard Howson has stepped down as group chief executive and from board.‍richard will stay with group for a period of up to one year to support transition​.  Full Article

Carillion says made an encouraging start to year
Wednesday, 3 May 2017 06:57am EDT 

May 3 (Reuters) - Carillion Plc ::"Trading conditions across group's markets have remained largely unchanged since we announced our 2016 full-year results in march.."We have made an encouraging start to year in terms of winning new business in our chosen markets"."New orders and probable orders worth approximately £1.3 billion, which has increased revenue visibility (1) for 2017 to over 85 per cent".  Full Article

Carillion selected as preferred bidder for 75 mln stg student residences project
Wednesday, 12 Apr 2017 02:00am EDT 

Carillion Plc : Carillion selected as preferred bidder .University of Manchester selects Carillion as preferred bidder for £75 million student residences project.  Full Article

RIB Software: conclusion of a phase-III-deal with Carillion plc
Friday, 31 Mar 2017 05:50am EDT 

RIB Software AG :Today announced conclusion of a phase-III-deal with Carillion Plc Full Article

UPDATE 2-Carillion finance chief steps down in management reshuffle

Sept 11 Britain's Carillion announced the departure of its finance chief along with a series of changes to its management on Monday as the crisis-hit construction services company tries to stabilise its business and rebuild its balance sheet.