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Carillion Hires EY to Assist with a Review of Finances

Carillion has hired professional services firm EY to assist with a review of its finances, as the UK construction and support services group turns to more outside advisers in a bid to repair its balance sheet, the Financial Times reported. The FTSE 2 ...

Daily Headline - global.abi.org - 07/17/2017 - 22:23 - 0 comments

One British Company Saw 70% of Its Value Vanish This Week

In 2014, U.K. builder Carillion Plc was riding high: it had just won a $434 million contract to build the Royal Liverpool Hospital and was attempting to snap up its struggling rival Balfour Beatty Plc for about $2.6 billion, Bloomberg News reported. Thre ...

Daily Headline - global.abi.org - 07/16/2017 - 23:00 - 0 comments

The Panamanian Swindle and a Westmeath Man’s Bankruptcy

The official who looks after bankrupts’ affairs is seeking to have the bankruptcy period of a Co Westmeath businessman extended over an alleged lack of cooperation and concerns about assets transfers, the Irish Times reported. The business affairs of ...

Daily Headline - global.abi.org - 07/16/2017 - 23:01 - 0 comments

UK Banks Cautious on Consumer Lending Amid Fears of Slowing Economy

the Brexit vote last year. But growth fell back sharply in the first quarter of 2017 – from 0.7 per cent to 0.2 per cent – raising concerns growth is not sustainable. Higher inflation and weak wage growth have squeezed UK consumers, with average real pay falling by 0.7 per cent in the three months to ...

Daily Headline - global.abi.org - 07/13/2017 - 22:11 - 0 comments

Carillion Bondholders Brace for Painful Talks as Shares Plunge

Carillion's lenders are preparing for potentially painful restructuring talks if the British construction company is unable to stabilise its business and plunging share price, sources familiar with the company and its investors said. Carillion, whic ...

Daily Headline - global.abi.org - 07/12/2017 - 22:25 - 0 comments

Carillion to Consider ‘All Options’ After Record Stock Fall

Carillion Plc interim head Keith Cochrane said “no option is off the table” as the British construction company seeks to recover from a record stock market plunge, weaker-than-expected profit growth and the resignation of its chief executive officer, Blo ...

Daily Headline - global.abi.org - 07/10/2017 - 22:03 - 0 comments

Global Regulators Say ‘Shadow Banking’ Market Has Been Tamed

Global regulators have claimed victory in the drive to tame the toxic parts of the “shadow banking” market that made a devastating contribution to the global financial crisis a decade ago, the Financial Times reported. Reforms put in place by the G20 ...

Daily Headline - global.abi.org - 07/04/2017 - 20:56 - 0 comments

Debt Management Group Fairpoint Faces its Own Loan Crisis

have spiralled. IVAs have risen from about 0.1 per cent of the adult population in 2004 to 0.2 per ... growth, peaked at about 0.3 per cent between 2009 and 2011. Read more. (Subscription required.) ...

Daily Headline - global.abi.org - 07/02/2017 - 22:34 - 0 comments

The way ahead: Transport survey 2017

This year our survey report focuses on: · the key drivers of change in the transport sector over the next five years · where transport businesses see opportunities for investment and growth · the potential challenges ahead Click here for ...

Resource Article - twallace@abiwor... - 06/30/2017 - 11:23 - 0 comments - 0 attachments

General Election – hung Parliament creates uncertainty over pension policy

Following the General Election, the Tory party has been left in a minority Government and is seeking a pact with the Democratic Unionist Party to achieve a slim Commons majority. Now that there is a hung Parliament, it seems that key decisions around the ...

Resource Article - twallace@abiwor... - 06/30/2017 - 11:00 - 0 comments - 0 attachments

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