Banks draft in specialists to protect Carillion investments
A consortium of UK banks has appointed specialist consultants to help them unpick problems at troubled property supports services group, Carillion.
Shares in the Wolverhampton firm collapsed when it issued a dire profit warning in July. The fallout saw chief executive Richard Howson fall on his sword and the business relegated from the FTSE 250.
Reports over the weekend said banks including Barclays, HSBC and Royal Bank of Scotland had appointed specialists to advise them ahead of a financial restructuring of the troubled busine... 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...
