Carillion appoints Big Four firm to help kickstart its response to catastrophic week
Carillion has begun its response to a catastrophic week by appointing advisers EY to support its strategic review with a particular focus upon cost reduction and cash collection.
The construction group issued a profit warning last Monday and chief executive Richard Howson departed, while it launched a major review of the business.
The Wolverhampton-based group has already said it was "taking immediate action to generate significant cashflow in the short term and achieve a reduction in average net borrowing".
Keith Cochrane, C... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
