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Carillion PLC (CLLN.L)

CLLN.L on London Stock Exchange

22 Feb 2017
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-3.40 (-1.57%)
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Latest Key Developments (Source: Significant Developments)

Carillion extends Openreach JV term
Thursday, 2 Feb 2017 02:00am EST 

Carillion Plc :Joint venture signs extension to framework agreement with openreach with a potential value of up to 1.5 billion stg.  Full Article

Carillion says Ceri Powell to step down from board
Thursday, 19 Jan 2017 04:20am EST 

Carillion Plc : Ceri Powell to stand down from company's board with effect from 31 March 2017 .Powell has advised the Carillion Board that owing to an international relocation within Royal Dutch Shell to take up the position of Managing of Brunei Shell Petroleum, she will, with regret, stand down from the Company's Board.  Full Article

Carillion selected as power transmission contract preferred bidder
Wednesday, 7 Dec 2016 02:00am EST 

Carillion Plc :Carillion Canada subsidiary selected as preferred bidder for a power transmission contract worth approximately 120 million stg.  Full Article

Carillion expects increase in FY operating profit
Wednesday, 7 Dec 2016 02:00am EST 

Carillion Plc : Full year trading update . Performance meeting expectations . Expect strong growth in total revenue and increased operating profit . Visibility of revenue from framework contracts expected to be approximately £1.5 billion . Performance continues to be led by revenue growth and a strong margin in support services . New orders plus probable orders in 2016 expected to reach £4.5 billion . Total orders plus probable orders of approximately £16 billion (december 2015: £17.4 billion) by year end . Revenue visibility (1) for 2017 of around 70% (december 2015: 84%) . Pipeline of specific contract opportunities broadly unchanged at over £41 billion . Expect net borrowing at year end to be below £290 million level at 30 june 2016 . Pace of new order intake has slowed in second half . Believe due in part to changes within UK Government departments following EU vote, as they reassessed their spending priorities ahead of autumn statement . Also due to slower pace of contract awards in Middle East, particularly in Oman, as a result of prolonged low oil price . We expect total value of orders and probable orders won in second half to be lower than 2.5 billion stg won in first half .Order book in support services is expected to be around £12 billion at year end (2015: £12.7 billion).  Full Article

Carillion JV awarded 1.1 bln stg UK Defence Ministry contract
Tuesday, 1 Nov 2016 09:30am EDT 

Carillion Plc : Carillion Joint Ventures awarded construction and support services contract by UK Ministry of Defence worth over 1.1 bln stg . Aspire Defence Capital Works joint venture will design and construct 130 new buildings . Says construction works have an estimated value of 680 mln stg, of which Carillion's share will be 50 per cent or some 340 mln stg . Contracts to support army basing programme - a series of unit moves and re-roles within UK, and return ,resettlement troops from Germany .Says work is expected to start immediately with completion scheduled for 2020.  Full Article

Carillion wins 350 mln stg contract for Nationwide Building Society
Tuesday, 4 Oct 2016 02:00am EDT 

Carillion Plc : Carillion wins 350 million stg support services contract for Nationwide Building Society . Has been awarded a seven-year contract to provide facilities management services for Nationwide Building Society . Contract has potential to be extended for a further three years . Will provide a wide range of hard and soft facilities management and workplace services for Nationwide's headquarters in Swindon .New contract commences on 1 October 2016.  Full Article

Carillion says on track to meet full-year expectations
Wednesday, 24 Aug 2016 02:05am EDT 

Carillion Plc : Half-year report . H1 revenue £2,487.1m versus £2,258.6m year earlier . H1 underlying profit before taxation (1) £84.5m versus £84.5m year earlier . Revenue visibility (3) for 2016 of 98 pct at 30 June 2016 (2015: 96 pct) . Interim dividend increased by 2 pct to 5.8p (2015: 5.7p) . Pipeline of contract opportunities worth £41.5 billion (Dec. 31, 2015: £41.4 billion) . Total orders plus probable orders of £17.4 billion at 30 june 2016 (Dec. 31, 2015: £17.4 billion) .On track to make further progress in 2016 with no changes to our full-year expectations.  Full Article

Carillion names Zafar Khan as finance director
Wednesday, 24 Aug 2016 02:00am EDT 

Carillion Plc : Appoints new finance director . Zafar Khan as group finance director to succeed Richard Adam who has decided to retire as he approaches his 60th birthday .Will take up appointment upon Richard Adam's retirement from board and from Carillion in December 2016.  Full Article

Britain's Carillion sees rise in first-half revenue
Wednesday, 6 Jul 2016 02:00am EDT 

Carillion Plc : Half-Year trading update . Revenue and margin growth in support services . Revenue visibility of 97 pct for 2016 . Overall, group remains on track to make further progress in 2016 . Expect our first-half performance to be led by revenue and margin growth in support services . Net borrowing at June 30 2016 would increase and is expected to be in region of 295 mln stg . Average net borrowing in line with 2015 full-year average . At half year, value of group's order book plus probable orders was approximately 17.4 bln stg(Dec. 31 2015: 17.4 bln stg) . Company has a substantial pipeline of specific contract opportunities, which at half-year was worth approximately 41.5 bln stg(Dec. 31 2015: 41.4 bln stg) . Total first-half revenue is expected to increase and offset effect on first-half profit of a slight reduction in underlying operating margin . Expect average net borrowing to be in line with full-year average in 2015 of some 539 mln stg . We expect net borrowing to reduce by year end and our full-year expectations for cash flow and net borrowing remain unchanged .New first-half orders and probable orders worth approximately 2.5 bln stg.  Full Article

Carillion Plc announces contract
Tuesday, 11 Aug 2015 02:00am EDT 

Carillion Plc:Says carillion is preferred bidder for Midland Metropolitan Hospital Public Private Partnership project - over 430 million pounds of construction and support services revenue plus an equity investment of 16 million pounds.Carillion Joint Venture, The Hospital Company, has been selected as preferred bidder by Sandwell and West Birmingham Hospitals NHS Trust to deliver new Midland Metropolitan Hospital as public private partnership under 30-year concession contract using UK Government's PF2 model.  Full Article

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BRIEF-Carillion JV awarded 1.1 bln stg UK Defence Ministry contract

* Carillion Joint Ventures awarded construction and support services contract by UK Ministry of Defence worth over 1.1 bln stg