Carillion appoints Big Four firm to help kickstart its response to catastrophic week

Carillion has begun its response to a catastrophic week by appointing advisers EY to support its strategic review with a particular focus upon cost reduction and cash collection. The construction group issued a profit warning last Monday and chief executive Richard Howson departed, while it launched a major review of the business. The Wolverhampton-based group has already said it was "taking immediate action to generate significant cashflow in the short term and achieve a reduction in average net borrowing". Keith Cochrane, C... For the full story register now for free or login below...
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