Carillion wins hospital bid
3rd Aug 2011 07:45
A Carillion joint venture, Hospital Infrastructure Partners, has been selected as the preferred bidder to finance, design, build and provide facilities management and life-cycle maintenance services for the new replacement Oakville Hospital in Ontario. The 30-year contract, which is the support se
Read moreCarillion Canada wins new contract with Toronto transit commission
28th Jul 2011 08:33
Support services company Carillion has been awarded a £123m contract to construct a new station for the City of Toronto's subway which will serve as anchor for the extension of the Spadina line, from the Downsview station to the city of Vauhgan. The design envisages a multi-modal transportation hu
Read moreCarillion hydrogen trial lifts ITM Power
18th Jul 2011 08:47
Shares in energy storage and clean fuel company ITM Power jumped after it announced that FTSE 250-listed support services group Carillion is to use its technology for operating hydrogen-powered Ford Transit vehicles in a week-long trial later this month. During the "Hydrogen On Site Trial" (HOST) C
Read moreLondon midday: Stocks keep gains
7th Jul 2011 12:05
Stocks remain slightly in the blue although the calm masks some big moves in both directions after a stream of company updates Man Group is setting the pace in the FTSE 100. Funds under management (FUM) at the hedge fund manager rose to $71bn at the end of June from $69.1bn at the end of March as t
Read moreLondon open: Man leads FTSE 100 higher
7th Jul 2011 08:27
Stocks have got off to a decent start as expected, with hedge fund Man Group leading the way in the FTSE 100. Funds under management (FUM) at the hedge fund manager rose to $71bn at the end of June from $69.1bn at the end of March as the group racked up record sales in the quarter of $9.0bn, to pos
Read moreCarillion dodging low margin work
7th Jul 2011 08:12
Support services outfit Carillion said the first half of 2011 has gone well, and it is on track to deliver earnings growth over the full-year, despite challenging market conditions. Underlying earnings continued to grow strongly in the first half, while the group's operating margin maintained its u
Read moreLondon pre-open: Stocks on the front foot
7th Jul 2011 07:45
Taking its lead from Wall Street, which edged higher yesterday despite some indifferent economic data, UK stocks are set to open firmer, with City traders predicting the Footsie will open at around 6,026, up 23 points from last night's close. Funds under management (FUM) at hedge fund manager Man G
Read moreHICL buys Scottish schools PPP projects
15th Jun 2011 12:19
Infrastructure investment company HICL Infrastructure said it has acquired an interest in the South Ayrshire Schools Public Private Partnerships project from subsidiaries of Carillion, Lloyds Banking Group and Cyril Sweett Group for £15.75m. HICL said the acquisition was funded from the company's
Read moreLondon close: FTSE 100 slides as worries persist
8th Jun 2011 16:38
Stocks finished firmly in negative territory as worries over the state of the global economy continued. Stocks finished lower in the US last night after downbeat comments from Federal Reserve president Ben Bernanke on US economic prospects. After a hesitant start, London's leading share index took
Read moreFTSE 250 movers: African Barrick Gold spooked by supertax reports
8th Jun 2011 15:33
Mining firm African Barrick Gold has taken a tumble after it responded to reports of a new "Super Profits Tax" on the mining industry in Tanzania, saying it is unaware of any such tax. Falling metals prices is most likely partly attributable to the fall as well. Meanwhile, Punch Taverns is a high r
Read moreLondon midday: Stocks dive as worries grip markets
8th Jun 2011 12:13
The top share index is deep in the red now as global economic worries continue to overshadow trading. Stocks finished lower in the US last night after downbeat comments from Federal Reserve president Ben Bernanke on US economic prospects. After a hesitant start, London's leading share index took a
Read moreLondon open: FTSE 100 edges lower
8th Jun 2011 08:29
Stocks have retreated slightly after last night's comments from Federal Reserve chairman Ben Bernanke failed to lift US stocks into the blue ahead of the close. In stocks news, the spell of unusually hot weather over spring had drinkers queuing up at Punch Taverns, a top riser today, helping Britai
Read moreCarillion preferred bidder for £390m hospital work
8th Jun 2011 08:03
A Carillion joint venture vehicle has been appointed the preferred bidder for a Canadian hospital contract, expected to be worth £390m to the contractor and support services group. Hospital Infrastructure Partners, the joint venture between Carillion, Canadian building contractor EllisDon and two i
Read moreBroker tips: Old Mutual, Salamander, Carillion
15th Apr 2011 12:34
The target price for Old Mutual has been raised from 174p to 178p by UBS now that with the US life assurance unit sale is complete. "We believe that this results in a more focused life insurance group and de-risks the business significantly with respect to corporate credit risk," said analyst Micha
Read moreBroker snap: Target price at Carillion raised
15th Apr 2011 12:32
Shares in contractor and support services specialist Carillion have been overlooked, according to RBS who raises its target price slightly and keeps its 'buy' recommendation. "We feel Carillion's shares have been somewhat overlooked, partly because of a lack of will in some quarters to understand t
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