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Pin to quick picksCarillion Plc Share News (CLLN)

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Share Price Information for Carillion Plc (CLLN)

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Carillion's confidence and new contracts lifts shares from lows

Wed, 06th Jul 2016 08:26

(ShareCast News) - The day after its shares hit a post-crisis low, Carillion bounced back with a confident first-half trading statement and news of three contract wins worth up to £600m and a bulging order book.The FTSE 250 support services and construction group said growth in first half revenues would offset any effect on profit from a slight reduction in underlying operating margins.On the outlook, directors higlighted the high level of revenue visibility for the full year, and in relation to Brexit risks, that it has no significant operations in mainland Europe and "robust plans" put in place before the referendum to cope with any possible impact on the business from a vote to leave the EU.First-half revenue and operating margin in the support services business were both expected to move ahead, while the pblic private partnership (PPP) arm delivered a lower quantum of equity sales than the same period last year.In construction services, first-half revenues and margins from the Middle East are expected to be slightly lower than in the first half of 2015, while outside the the Middle East revenue appeared to increase with operating margin towards the upper end of the target range of 2.5-3.0%.In the first six months of 2016, Carillion has won orders and probable orders worth £2.5bn and has visibility over 97% of full year revenue, up from 84% at 31 December.This included a £240m 4.5-year contract extension won by the Omani business from the Petroleum Development Oman (PDO) to continue the provision of integrated facilities management services at twelve locations across the sultanate.Carillion also won two contracts worth a combined £366m over a period of up to 10 years with the Northern Ireland Housing Executive for housing maintenance services.At the end of June, the value of the group order book plus probable orders remained at the £17.4bn level from the end of December, while it saw a pipeline of potential contract opportunities worth roughly £41.5bn.
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16 Mar 2018 08:01

UPDATE 1-UK's Mitie sees tough year ahead, higher costs from turnaround plan

March 16 (Reuters) - British outsourcing company Mitie Group said on Friday it expected annual costs associated with its turnaround programme to be higher than its previous estimates and added the

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14 Mar 2018 08:05

UPDATE 1-Balfour Beatty's annual profit almost triples

March 14 (Reuters) - British construction group Balfour Beatty Plc said on Wednesday its annual underlying profit almost tripled, as its U.K. construction unit bid to win fell

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9 Mar 2018 06:59

PRESS: Canadian Firm Brookfield Terminates Carillion Contracts Deal

LONDON (Alliance News) - Canadian real estate and facilities company Brookfield Global Integrated Solutions has pulled out of a deal to take over a portfolio of Carillion the

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8 Mar 2018 01:30

PRESS DIGEST- British Business - March 8

March 8 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The TSB to a

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8 Feb 2017 10:21

WS Atkins exploring M&A, keeps own counsel on CH2M merger report

By Esha Vaish Feb 8 (Reuters) - British engineering and design consultancy WS Atkins is examining potential acquisitions, its chief executive said, but he declined to say if it had been approached by U.S. rival CH2M over a $4 billion merger. Dealmaking in engineering and construction

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2 Feb 2017 08:28

Carillion JV extends Openreach framework agreement

(ShareCast News) - Carillion's 60:40 joint venture with telecoms group telent, Carillion telent, has signed a three-year extension to its framework agreement with BT's Openreach to provide a wide range of services. These include the maintenance, extension and repair of the telephone and data networ

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4 Jan 2017 07:14

Carillion joint venture wins £160m Dubai contract

(ShareCast News) - Carillion announced on Wednesday that one of its joint ventures, Al Futtaim Carillion, had been awarded a £160m contract for phase 1A6 of the One Central development by the Dubai World Trade Centre. The FTSE 250 firm said the latest phase of the One Central development has a built

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15 Dec 2016 09:32

BROKER RATINGS SUMMARY: Jefferies Cuts BAE Systems To Hold From Buy

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8 Dec 2016 09:27

BROKER RATINGS SUMMARY: Jefferies Upgrades WPP To Buy From Hold

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7 Dec 2016 11:57

LONDON MARKET MIDDAY: Pound Dip After Weak UK Output Lifts Blue-Chips

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7 Dec 2016 11:06

UPDATE 2-Carillion sees slowdown in pace of new orders post-Brexit

* Spending delay by UK government after Brexit vote * Conditions in Middle East expected to remain challenging * 2017 revenue order visibility 70 pct * Shares down 4.4 pct, 2nd top FTSE midcap loser (Adds CEO, analyst comments, details, share movement) By Esha Vaish <

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7 Dec 2016 10:31

WINNERS & LOSERS SUMMARY: WPP Hit By Report Of US Justice Probe Of Ads

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7 Dec 2016 09:57

BUZZ-Carillion: bears win out in volatile trading post-results

** Carillion falls 5 pct after being up as much as 3.5 pct, after announcing FY guidance ** Sees a slowdown in new orders in H2 due to Brexit vote ** Liberum says trading statement broadly in-line but flattered by a £20m one-off in support services division ** Berenberg, Singer

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7 Dec 2016 07:32

Carillion sees slowdown in pace of new orders post Brexit

Dec 7 (Reuters) - Carillion Plc, a building support services company, said the pace of new order intake had slowed in the second half of the year, partly due to a spending delay by the government following Britain's vote to quit the European Union. The company said on Wednesday it expected

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