‘Since profit warnings were first issued in July, the Government has been closely monitoring the situation and has been in constructive discussion with Carillion while it sought to refinance its business,’ says cabinet minister David Lidington. Speedy Hire shares have fallen 10.3% due to investor concern that it may be among companies affected by the collapse of support services group Carillion . It has an agreement worth up to £ 45m ( $62m ) over June 2017 with the company. Among other affected firms: Balfour Beatty has put contingency plans in place for a joint venture on trains and motorway projects; Balfour Beatty expects to suffer a £35m-£45m cash outflow as a consequence of 30 joint ventures; and Galliford Try predicts £60m-£80 m will be needed to complete a joint venture with Kier and Galliford .
Speedy Hire shares have fallen 10.3% due to investor concern that it may be among companies affected by the collapse of support services group Carillion . It has an agreement worth up to £45m ( $62m ) over June 2017 with the company. Among other affected firms: Balfour Beatty has put contingency plans in place for a joint venture on trains and motorway projects; Balfour Beatty expects to suffer a £35m-£45m cash outflow as a consequence of 30 joint ventures; and Galliford Try predicts £60m-£80m will be needed to complete a joint venture with Kier and Galliford .