Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Carillion proves short sellers right in the most dramatic fashion
Thursday 20 Jul 2017 Author: David Stevenson

Construction services firm Carillion (CLLN) saw 76% of its value wiped off in five days starting on Monday 10 July.

The sell-off was sparked by a profit warning which resulted in the departure of CEO Richard Howson. The company had been the most shorted for 18 months.

The main issue concerns Carillion having to set aside an £845m provision relating to troubled contracts in the Middle East and Canada.

‹ Previous2017-07-20Next ›