Tag: carillion

Finance

The finance round-up

Co-Op to be investigated Co-Op will be investigated for its treatment of its suppliers, following accusations from the Groceries Code Adjudicator that it had fallen short of industry standards. The Co-Op has already paid around 110 suppliers a total of £500,000 to try and make amends. It has been accused of charging suppliers for product…

Finance

Collapse of Carillion

Institutional investors, auditors, government officials and Carillion executives all have big questions to answer following the construction giants collapse on Monday 15 January. Carillion was the second largest construction and outsourcing company in the UK where nearly half its 43,000 worldwide employees were based. At its formation Carillion was valued at £2bn, now it faces…

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