Carillion’s shares jump 20% on reports of a Middle East bid
Shares in Carillion jumped around 20% on Wednesday after reports of a Middle Eastern bid for the ailing company.
The Wolverhampton-based group has been in crisis throughout the summer, with Tuesday's closing price giving the group a market value of just £200m, despite it having more than 30,000 employees and revenues last year of £4.4bn.
The construction group, which has seen its share price be on a downward trend since early 2015 when it had a market value of more than £1.5bn, issued a major profit warning in early July and ... 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...
