Carillion (CLLN)

Sector:

Support

 0.000p
   
  • Closing Price Chg:
      0.000p
  • 52 Week High: 0.000p
  • 52 Week Low: 0.000p
  • Currency: UK Pounds
  • Shares Issued: 430.30m
  • Volume: 0

TfL appoints contractor for East London Line to replace Carillion

By Sean Farrell

Date: Tuesday 30 Jan 2018

LONDON (ShareCast) - (ShareCast News) - Transport for London has appointed Cleshar Contract Services to replace Carillion in maintaining London Overground's East London Line.
TfL said the new contract will start on 1 April and that Carillion's employees will be transferred by Cleshar with their terms and conditions protected.

Until the contract starts, TfL will work with the accountancy firm PwC on a deal that allows Carillion's workers to carry out maintenance on the line and be paid.

Carillion's collapse on 15 January left thousands of jobs and more than 400 government contracts with an uncertain future. The construction and maintenance company made more than a third of its revenue from work for the UK government including the HS2 rail link as well as health, roads and education projects.

The company's chaotic affairs were laid bare as MPs questioned the head of the government's insolvency service on Tuesday. Sarah Albon said Carillion's records were so bad that her team had difficulty working out how many directors the company had. There are not enough assets in the company to cover the cost of winding it up, she added.

Jonathan Fox, TfL's director for rail and sponsored services, said: "I would like to give my sincere thanks for the continued commitment and professionalism of all employees during this uncertain time and am delighted that we will be able to secure a way forward for this contract and the Carillion staff affected."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Carillion Market Data

Currency UK Pounds
Share Price 0.000p
Closing Price Change 0.000p
% Change 0.00 %
52 Week High 0.000p
52 Week Low 0.000p
Volume 0
Shares Issued 430.30m

Carillion Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Value Not Available
Income Not Available
Growth
37.97% below the market average37.97% below the market average37.97% below the market average37.97% below the market average37.97% below the market average
39.13% below the sector average39.13% below the sector average39.13% below the sector average39.13% below the sector average39.13% below the sector average

Carillion Dividends

  Latest Previous
  Final Interim
Ex-Div 11-May-17 01-Sep-16
Paid 09-Jun-17 02-Nov-16
Amount 12.65p 5.80p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Top of Page