Image: Carillion
Carillion is being investigated by the UK’s Financial Conduct Authority (FCA) over a series of Stock Exchange announcements it made before last July’s profit warning, when it said it was taking a £845m writedown.
The UK listed contracting and services company yesterday revealed the probe, which covers the period between 7 December 2016, when it made optimistic statements, and 10 July 2017, the date it announced the writedown.
In a statement, Carillion said: “The Financial Conduct Authority has notified Carillion that it has commenced an investigation in connection with the timeliness and content of announcements made by Carillion between 7 December 2016 and 10 July 2017. Carillion is cooperating fully with the FCA.”
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