Extracts from an article written by Rhiannon Bury, Business Reporter at The Telegraph.
“Stricken building contractor Carillion is facing growing calls to launch an emergency fundraising as it threatens to plunge further into financial crisis.”
“It has emerged that the Government is rapidly severing links with big UK outsourcers, cutting off a vital source of revenue and exacerbating the damage to the company’s fragile balance sheet. The value of the contracts it has won from the public sector has plummeted 81pc, making it second only to rival Capita in the list of those who have lost out, according to new research from Tussell.” [...]
Read the full article on The Telegraph’s website.