Carillion embroiled in Qatar 2022 World Cup allegations December 9, 2014 Carillion, one of the UK's biggest construction firms, has been implicated in allegations surrounding the treatment of migrant workers in Qatar as it prepares to host the World Cup in 2022. BBC news said it "uncovered worrying testimony about pay, housing conditions and safety standards from foreign workers" including some employed by subcontractors working for Wolverhampton-based [...]
Carillion scores £75m Anfield contract as Liverpool look to increase matchday revenues December 8, 2014 The expansion of Anfield’s main stand will begin in earnest this week after Carillion sealed a £75m contract with Liverpool Football Club. The project will add around 8,500 seats to the Liverpool stadium, stretching its capacity to 54,000 and briefly making it the third-largest football ground in the Premier League. Builders will aim to keep as [...]
Carillion fallout pushes UK M&A deals to all-time lows – but values have risen December 2, 2014 A dry summer for UK mergers and acquisitions, in which Carillion gave up its £2.1bn attempt to to buy Balfour Beatty, has helped to ensure volumes remained at historic lows. The number of deals involving UK companies fell to 67 in the third quarter of 2014, according to figures from the Office of National Statistics released [...]
Carillion grows power business with £33m deal December 1, 2014 CONSTRUCTION giant Carillion has bought a 60 per cent interest in the trade and assets of power line construction and maintenance company Rokstad Power. The total cash consideration for the acquisition is up to £33m, with £11m guaranteed by the end of the year and £10m next year. In 2016 and 2017, Carillion will pay [...]
Carillion wins prison contracts worth £200m November 19, 2014 Carillion has won contracts to provide facilities management services to 50 UK prisons. The company believes that the two contracts, which will run for five years, could produce revenue of £200m over the period. The amount could increase if the company secures subsequent one-year extensions. The contracts mean Carillion will provide a range of services, [...]
Carillion trading in line with expectations as Balfour Beatty announces three new projects October 2, 2014 The proposed mega-merger between Carillion PLC and Balfour Beatty failed to materialise, yet neither company is wasting any time licking their wounds. In August, Carillion reported a five per cent drop in half-year revenues shortly before the deal hit the rocks, but insisted it was “well positioned” to target revenue growth for the full-year. [...]
Carillion and Balfour Beatty deal off as deadline passes ending mega-merger – for now August 21, 2014 The 5pm deadline for Carillion to make an offer for Balfour Beatty passed yesterday not with a bang and barely a whisper. However, while the £3bn deal is dead for now, some analysts say it may not be buried. Commenting on BBC Radio Five Live’s Wake up to Money programme yesterday, Colin McLean of SVM Asset [...]
Fair weather friends fade away as Balfour Beatty and Carillion deal collapses August 21, 2014 They say you often find out who your real friends are when you’re at your lowest. Carillion’s announcement that it would be no longer pursuing a merger with Balfour Beatty yesterday came with some conspicuous absences. When the deal was still hot stuff, announcements came with scores of contacts to send enquiries to; Carillion, Lazard, [...]
Carillion gives up on unwilling Balfour Beatty August 20, 2014 IT WAS a case of third time unlucky for Carillion yesterday, as plans for the ambitious mega-merger between it and Balfour Beatty lay in taters. Carillion gave up its fruitless hunt for a deal yesterday afternoon following a third rejection from an unswayable Balfour Beatty. Markets expressed their disappoint as Balfour Beatty shares dived on [...]
Carillion calls off Balfour Beatty merger bid August 20, 2014 Building giant Carillion has backed away from its bid for rival Balfour Beatty after three unsuccessful attempts. Ahead of tomorrow's "put up or shut up" 5pm, Carillion this afternoon issued a statement saying it was "no longer proposing a merger". Balfour Beatty shares opened 5.7 per cent lower per cent this morning after its board [...]