Category list : Financial
Stories with this category.
Subcontractors and trade creditors to Interserve have been reassured that outstanding debts to the business will be honoured despite the parent company being placed in administration.
Interserve 'looking at sale' of RMD KwikformSubscription
Interserve is drawing up plans to sell its £250m equipment services arm to its lenders, according to a report.
Balfour Beatty pays off £250m debtSubscription
Balfour Beatty has paid off a £253m convertible bond in a move that sees its debts reduce by almost half (45 per cent) for the last 12 months.
Contractors have been urged improve their balance sheets and “restore trust” in the construction business, according to industry figures responding to CN100 2018 findings.
Liberal Democrats leader Sir Vince Cable has described this year’s CN100 findings as “hugely worrying”.
Profit at Bouygues’ group construction division fell 15 per cent in the first half of 2018, the firm’s latest results have revealed.
Sir Vince Cable has told BBC Radio 4 the supply chain finance initiative, which he created during his time as business secretary, is being abused and should be scrapped.
Kier’s half-year revenue up as debt growsSubscription
Kier has reported an 8 per cent rise in half-year revenue, but the group’s net debt jumped 33 per cent largely due to investment in its property division.
Carillion has made amendments to rules that previously allowed investors to claw back bonuses awarded to the contractor’s top executives, it has emerged.
Mitie has confirmed that it is being investigated by the Financial Conduct Authority in relation to the firm’s profit warning last year.