The New York-based hedge fund attempting to derail the rescue plan of struggling UK outsourcer Interserve made millions of pounds betting on the demise of its rival contractor Carillion last year. ...
mirroring what happened in the run-up to the collapse of fellow contractor Carillion, the GMB claimed. Interserve failed after its largest shareholder, the US hedge fund Coltrane, opposed ...
Why bell tolled for sorry Carillion Almost 9% of its shares are on loan with hedge funds hoping to profit from falls in the share price. But the Cabinet Office moved to scotch the speculation over ...
The move followed the rejection by shareholders led by U.S. hedge fund Coltrane Asset Management of a rescue plan. Interserve had been in talks with lenders for months amid dwindling profits ... year ...
Some of Interserve’s key suppliers are facing heavy financial losses after the government outsourcer was rescued from administration by banks and hedge funds ... Interserve’s collapse, a year after ...
It’s a mark of how many fund managers have fled the stock that tracker funds, which simply replicate an index, account for a large proportion of the funds still invested in Interserve ... that the ...
Outsourcing giant Interserve has taken a hammering in recent weeks from a very rowdy shareholder: Coltrane Asset Management. The New York hedge fund has ... the dramatic collapse of the firm many ...
Outsourcing firm Interserve is on the verge of collapse after investors rejected a rescue deal ... Sky News reported earlier this week how Interserve's largest shareholder, New York hedge fund ...
The news prompted speculation that Interserve may be forced to set aside more cash to compensate for delays and issue a spate of new shares to raise funds ... of an imminent collapse. “We could be ...
Feb 14 (Reuters) - British construction group Galliford Try is seeking additional funding to cover the costs of a joint venture to build a major ring road in northern Scotland after the collapse of ...
Hedge funds are betting on the demise of one of Carillion’s biggest rivals after cashing in on the collapse of the ... And it issued another profit warning in October and said it might breach banking ...
Carillion is believed to have asked the Government to provide funds of £20 million ... 2017 dividend following July’s profit warning. How much were executives receiving in bonuses in the run-up to ...