01-12-2018, 07:48
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#60
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Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,308
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Re: Carillion Crisis
More trouble ahead perhaps?
https://www.theguardian.com/business...-to-raise-cash
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Shares in the construction firm Kier, which is working on major infrastructure projects such as HS2 and Crossrail, have plunged by a third after it announced an emergency plan to raise £264m to cut its debt pile.
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Kier, in a statement to the stock market, said its debt position had become more risky amid greater reluctance among financial institutions to lend to the construction sector.
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The outsourcer Interserve has also become the focus of concern about the strength of its finances in recent months.
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“The only lesson you can learn from history is that it repeats itself”
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