Shares in Carillion shed another 24% on Tuesday morning as city analysts predicted further pain to come at the company.
The latest fall was on top of a 39% plunge on Monday in the wake of a profit warning which saw £845m set aside to cover problem contracts.
The slide has seen half of Carillion’s value wiped out in two trading sessions as its market capitalisation dropped below £400m.
Interim group chief executive Keith Cochrane is now overseeing a root-and-branch review of the business.
from Construction Enquirer http://www.constructionenquirer.com/2017/07/11/carillion-share-price-carnage-continues/
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