Carillion picks up £1.5bn contract as order book grows March 4, 2015 The figures Carillion's pre-tax profit jumped by 29 per cent in 2014 to £142.6m, on revenue of £4.1bn, which remained flat on the previous year. For the full year to the end of December, underlying pre-tax profit slipped slightly to £173m, down one per cent, taking into account "the planned reduction in the sale of equity [...]
Carillion preferred bidder on £380m Dubai contracts February 25, 2015 Carillion 's United Arab Emirates joint venture business Al Futtaim is poised to secure two new contracts worth £380m. Al Futtaim has been selected as the preferred bidder by Meraas for a £225m mixed-use development on the Dubai Creek waterfront. The project consists of food, beverage and other retail buildings, underground and multi-storey car [...]
Carillion poised to win £100m Kings Cross contract December 19, 2014 Construction group Carillion is the preferred bidder to win a lucrative contract to produce three “prestigious” buildings as part of the Kings Cross regeneration. The business, which earlier this year attempted a £3bn merger with competitor Balfour Beatty – looks set to pick up the £100m contract, which involves the design and construction of [...]
Carillion embroiled in Qatar 2022 World Cup allegations December 9, 2014 Carillion, one of the UK's biggest construction firms, has been implicated in allegations surrounding the treatment of migrant workers in Qatar as it prepares to host the World Cup in 2022. BBC news said it "uncovered worrying testimony about pay, housing conditions and safety standards from foreign workers" including some employed by subcontractors working for Wolverhampton-based [...]
Carillion scores £75m Anfield contract as Liverpool look to increase matchday revenues December 8, 2014 The expansion of Anfield’s main stand will begin in earnest this week after Carillion sealed a £75m contract with Liverpool Football Club. The project will add around 8,500 seats to the Liverpool stadium, stretching its capacity to 54,000 and briefly making it the third-largest football ground in the Premier League. Builders will aim to keep as [...]
Carillion fallout pushes UK M&A deals to all-time lows – but values have risen December 2, 2014 A dry summer for UK mergers and acquisitions, in which Carillion gave up its £2.1bn attempt to to buy Balfour Beatty, has helped to ensure volumes remained at historic lows. The number of deals involving UK companies fell to 67 in the third quarter of 2014, according to figures from the Office of National Statistics released [...]
Carillion grows power business with £33m deal December 1, 2014 CONSTRUCTION giant Carillion has bought a 60 per cent interest in the trade and assets of power line construction and maintenance company Rokstad Power. The total cash consideration for the acquisition is up to £33m, with £11m guaranteed by the end of the year and £10m next year. In 2016 and 2017, Carillion will pay [...]
Carillion wins prison contracts worth £200m November 19, 2014 Carillion has won contracts to provide facilities management services to 50 UK prisons. The company believes that the two contracts, which will run for five years, could produce revenue of £200m over the period. The amount could increase if the company secures subsequent one-year extensions. The contracts mean Carillion will provide a range of services, [...]
Carillion trading in line with expectations as Balfour Beatty announces three new projects October 2, 2014 The proposed mega-merger between Carillion PLC and Balfour Beatty failed to materialise, yet neither company is wasting any time licking their wounds. In August, Carillion reported a five per cent drop in half-year revenues shortly before the deal hit the rocks, but insisted it was “well positioned” to target revenue growth for the full-year. [...]
Carillion and Balfour Beatty deal off as deadline passes ending mega-merger – for now August 21, 2014 The 5pm deadline for Carillion to make an offer for Balfour Beatty passed yesterday not with a bang and barely a whisper. However, while the £3bn deal is dead for now, some analysts say it may not be buried. Commenting on BBC Radio Five Live’s Wake up to Money programme yesterday, Colin McLean of SVM Asset [...]