Carillion benefits from cost-cutting tendency
5th May 2010 13:14
The need for companies and the public sector to cut costs has helped keep Carillion's order book healthy, the support services group said today, reporting a strong performance in the first five months of the year. The pipeline of opportunities remains strong, the company said, adding that it is ben
Read moreCarillion JV to build Abu Dhabi IKEA
4th May 2010 08:17
The Al Futtaim Carillion joint venture company has bagged contracts in Abu Dhabi worth £110m, it's been revealed today. It will get £80m for work on the new UAE University project and £30m to build a new retail outlet for IKEA on Yas Island. The Swedish flat-pack furniture store will be the retail
Read moreCarillion JV secures £570m uni campus deal
27th Apr 2010 13:37
Carillion's joint venture company, Al Futtaim Carillion, has won a design and build contract for New York University Abu Dhabi's Saadiyat Island Campus by Mubadala, worth about £570m. The Saadiyat Island campus will include extensive classrooms, library and information technology facilities, labora
Read moreHome Retail boss opens Hammerson account
1st Apr 2010 11:20
Terry Duddy, chief executive of Argos and Homebase owner Home Retail Group, has opened his account at Hammerson having joined the board of the shopping centre operator in December. He took 20,000 shares at 394p a time in his first purchase of shares in the company, paying a total of £78,800. In a
Read moreThursday tips round-up: Carillion, IPF, Arriva...
4th Mar 2010 06:03
It's ten years since Carillion was spun off from Tarmac and two years since it formally dropped out of the FTSE construction sector. Yesterday's full-year results showed that Carillion generated £118m of profits in 2009 from support services, up from £20m ten years ago and accounting for more than h
Read moreLondon close: Resurgent Footsie breaches 5,500 points
3rd Mar 2010 16:52
A good start on Wall Street helped jolt Footsie out of its sluggish start, helping the leading share index close above 5,500 points for the first time since January. Asia-focused bank Standard Chartered, the only FTSE 100 company to deliver results today, led the way after it defiantly said it will
Read moreLondon afternoon: Footsie ambles into positive territory
3rd Mar 2010 13:56
The blue-chip index moved into positive territory over the lunchtime trading session helped by expectations of a firm start on Wall Street. Asia-focused bank Standard Chartered, the only FTSE 100 company to deliver results today, defiantly said it will pay its executives bonuses after another recor
Read moreLondon midday: Market remains mixed
3rd Mar 2010 11:51
The market's indecision this morning was typified by the insurance sector where the blue-chip index's best and worst performers were to be found. RSA Insurance is the weakest blue-chip after the company said yesterday that it expects to make around £30m in payouts as a result of the Chilean earthqu
Read moreLondon open: Cautious start for blue chips
3rd Mar 2010 08:44
A weak end to trading in the US last night has pulled London back from yesterday's six-week high. Some big names going ex-dividend have added to the early weakness. Standard Chartered defiantly said it will pay its executives bonuses after another record year in 2009, with income and profits slight
Read moreResilient Carillion
3rd Mar 2010 07:31
Support services company Carillion confidently expects to enhance earnings again in 2010 after beating market expectations in 2009 despite challenging market conditions. Total revenue in 2009 grew 4% to £5,426.5m from £5,205.8m in 2008 while underlying profit before tax came in ahead of market expe
Read moreWednesday preview: Standard Chartered, ITV, Carillion
2nd Mar 2010 18:07
The banking results season trundles on with Standard Chartered set to release full year figures on Wednesday. Whenever results of banks are spoken of, mention of bonuses usually follows soon after, but while the top bosses of some of the High Street banks have responded to public pressure and waive
Read moreLondon close: Blue chips surge forward
26th Feb 2010 16:52
Footsie surged forward and closed in buoyant mood as buyers returned across a number of sectors despite disappointment with Lloyds Banking's results. Serco remains the best performer among Footsie stocks. The outsourcing group increased the dividend by a quarter as it ramped up profits by almost a
Read moreLondon afternoon: Stocks belcamed at higher levels
26th Feb 2010 14:23
Leading shares traded sideways over the lunchtime session, lacking any sort of lead from Wall Street, which is expected to open mixed as traders struggle through the snow storm engulfing New York to get into work. Serco remains the best performer among Footsie stocks. The outsourcing group increase
Read moreLondon midday:Stocks off the top
26th Feb 2010 12:22
Hopes that Footsie would claw back all of yesterday's losses look less likely to be realised after share prices came off the top late in the morning, though most stocks are still trading in positive territory. Serco remains the best performer among Footsie stocks. The outsourcing group increased t
Read moreCarillion closes Southmead Hospital PPP contract
26th Feb 2010 07:58
Support services company Carillion said its joint venture has achieved financial close on the Southmead Hospital PPP project, having put in place the finances necessary to deliver the new 800-bed acute hospital, in which Carillion will invest £50m. Carillion will begin with construction services w
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