Carillion is mystified by shares rise
Struggling infrastructure giant Carillion has claimed it is unaware of any material developments that would have caused its share price to rocket on Monday.
The company, which is embroiled in an ongoing crisis that has involved a string of profits warnings, saw its shares leap more than 20% as investors held out hope that a meeting with lenders later this week would secure a rescue plan.
It comes as the Belfast Telegraph revealed this week that Carillion is trying to sell off tens of millions of pounds in Northern Ireland Housing Executive contracts along with the rest of its business across Ireland.
Carillion said on Tuesday: "Carillion notes the recent increase in the group's share price. The group is not aware of any material developments that support this share price increase. Further updates on discussions with the group's financial stakeholders will be provided as appropriate."