Are the vultures circling for Carillion?
The future of Wolverhampton-based construction group Carillion was looking increasing uncertain this morning as doubts continue about its viability.
The group has seen its share price plummet over the past two days and its market value scaled back dramatically.
The group, listed on the FTSE 250, has had close to 60% of its market value wiped out since Monday's profit warning. The figure is equivalent to almost £500m.
Its shares closed down a further 33.5% yesterday, leaving the stock at an all time low of 77.60p. This contra... 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...