The infrastructure group
The company said the weakness came from its British construction business, where it expects a pounds 30m shortfall in 2014. As a result, overall pre-tax profits for 2014 are expected to be in the range of pounds 145m to pounds 160m, rather than the expected pounds 188m.
It said that, along with the tough market climate, it had lost out on contracts to competitors due to "poor operational delivery issues". Last October Carillion picked up a contract worth pounds 800m to build
"This is about poor management and failure to implement a good strategy over many years at
Most Popular Stories
- Shia LaBeouf Plea Deal, Alcoholism Treatment
- Stop-Start Engines Save Gas, Reduce Emissions
- Ohio State Band Chief Fired After Probe
- Hispanic Leader Goes the Extra Mile
- Ukraine Says Russians Firing Across the Border
- Ford Q2 Net Profit up 6 Percent
- Jennifer Lopez, Pitbull to Perform at Fashion Rocks
- Ricky Martin Joins 'The Voice ... Mexico'
- U.S. Weighs Refugee Status for Immigrant Kids
- Morgan Stanley Ponies Up $275 Million to Settle SEC Charges