Investors react positively to Carillion’s announcement of new CEO
Investors reacted positively to the announcement of a new CEO by beleaguered construction and facilities management group, Carillion.
The Wolverhampton-based group, which has undergone a torrid time since a dire profits warning in July, has appointed Andrew Davies – current chief executive of Wates Group – to the role.
Shares rose almost 4% following the announcement, which helped to underpin earlier gains following news of a £140m credit facility and the £50m disposal of part of its UK healthcare operation.
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