Carillion shares in freefall as company looks to restore reputation

Shares in Carillion have dipped again as the troubled construction services group’s abysmal week continues to go from bad to worse.

The shares dipped a further 10% yesterday to a value of 57.20p. It means around 70% of the market value of the business has been wiped out since Monday’s profit warning.

Today appears to be following a familiar trend with the price again dipping in early trading.

What is next for the Wolverhampton-based FTSE 250 company remains to be seen.

The board is considering all options as part of a root and branch review of operations, with nothing appearing to be ruled out.

Speculation grew yesterday that the company may even decide to withdraw from the construction sector altogether as it looks to claw back its reputation with investors.