Sequoia targets £200m in rocky year for infrastructure
Investment trust sector has struggled to raise funds in 2018
Investment trust sector has struggled to raise funds in 2018
Blackrock has defended itself against charges from a parliamentary select committee it was “schizophrenic” in its holdings of Carillion, taking both long and short positions.
Just a day after Carillion entered liquidation, the Pensions and Lifetime Savings Association has warned that it has already seen signs that scammers are looking to exploit defined benefit scheme members.
Carillion’s investment story, like other firms before it, ultimately evolved into something that sounded too good to be true. Its collapse on Monday raises many questions, namely, at the stage it was in before entering liquidation, who would have even wanted to own it?
Carillion announced that it has gone into liquidation after rescue talks with key lenders over the weekend proved unsuccessful.
Next has upgraded its full year profit guidance after smashing its Christmas sales period, while Carillion confirmed it is in hot water with the FCA over the timing of company announcements made last year.
A second profit warning from British construction firm Carillion in the space of a few months has sent its shares plummeting by nearly one fifth.