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...