Balfour Beatty and Carillion share prices tumble as £3bn merger talks called off July 31, 2014 Construction firm Balfour Beatty saw its share price tumble six per cent this morning after revealing its £3bn merger talks with Carillion were over. Carillion also took a hit as shares fell five per cent. Balfour Beatty said discussions over a potential merger, news of which emerged last week, had been terminated over a disagreement [...]
Carillion bosses set to snap up top jobs after Balfour Beatty merger July 27, 2014 Carillion chairman Philip Green is expected to head up the £3bn construction giant that will be created from the company’s planned merger with flailing rival Balfour Beatty. Usually after a merger the top roles are divided, but Carillion’s chief executive Richard Howson is also set to take up the same role at the combined company, [...]
Balfour Beatty and Carillion begin £3bn merger talks July 24, 2014 Construction groups Balfour Beatty and Carillion are in talks to merge, a deal which could create a colossus with a market capitalisation of more than £3bn. Carillion confirmed yesterday that the negotiations were underway, and that it had approached its slightly-larger but weakened competitor. Balfour Beatty has been in a bleak position in recent months [...]
Liverpool sign up Carillion for Anfield revamp July 2, 2014 SUPPORT services and construction firm Carillion yesterday said it had been named preferred bidder for the £75m expansion of Liverpool’s Anfield stadium, ahead of the club’s return to the Champions League. The proposals would increase the capacity of a new main stand by around 8,300, taking the overall capacity of the stadium to around 54,000. [...]
Carillion preferred for Liverpool FC stand – but contract could be less than Luis Suarez transfer July 2, 2014 Support services and construction firm Carillion has been appointed as the preferred bidder for the expansion of Liverpool Football Club's main stand – for around the price the club hopes to receive from selling disgraced striker Luis Suarez. The project, which is subject to planning consent, is estimated to be worth in the region of [...]
Carillion joint venture selected for Midlands highway contract June 9, 2014 LONDON-LISTED construction services firm Carillion yesterday said its joint venture with Lafarge Tarmac has been named as one of five contractors to work on the £260m roadworks contract in the Midlands. The agreement is worth around £100m to the joint venture over the three-year period and could be extended for an extra year. Carillion and [...]
Babcock and Carillion win Network Rail work May 12, 2014 NETWORK Rail yesterday announced its preferred bidders for lucrative contracts to run its conventional track renewals and improvement work for the next five years. Babcock International won work over three of the seven geographic lots to deliver plain line tracks for Network Rail. The lots are made up of Western, Wales and Wessex; Scotland and [...]
Why one analyst loves construction firm Carillion April 9, 2014 Construction services firm Carillion’s share price has soared over five per cent today, after an upgrade from Cantor Fitzgerald. The research note put a “buy” recommendation on the FTSE 250 firm and increased its target price to 420p from 350p, in part due to a strengthened order book and downsizing of the struggling UK construction [...]
Carillion lands £200m hospital deal March 31, 2014 London-listed support services firm Carillion has been chosen as the preferred bidder for a £200m support services contract by Nottingham University Hospitals (NUH) NHS Trust. The trust is one of the largest in the country and includes Queen's Medical Centre and Nottingham City Hospital. Carillion chief executive, Richard Howson, commented: We look forward to working [...]
Hard Rock Hotel drums up more work for Carillion in Abu Dhabi February 12, 2014 CARILLION has been hired to build a 40-storey Hard Rock Hotel in Abu Dhabi in a contract worth £110m. The FTSE 250 firm, which recently finished work on the Oman Parliament building, will start work on the five star hotel later this month. In the latest sign that construction is recovering in the United Arab [...]
