UPDATE 1-UK government keeping close eye on troubled Carillion

From Reuters - January 14, 2018

LONDON (Reuters) - Britains government is keeping a close eye on services company Carillion and ministers hope its partners will find the working capital to ensure it remains a going concern, the chairman of the governing Conservatives said on Sunday.

Brandon Lewis told the BBCs Andrew Marr show that the government had contingency plans in place for Carillion, a large government supplier that is on the brink of entering administration, according to some news reports.

Carillion said on Sunday that it was in continuing talks with stakeholders to try to rescue a company fighting for survival after contract delays and a downturn in new business prompted profit warnings and a first-half loss of more than 1 billion pounds ($1.37 billion).

Conservative party chairman Lewis said that ministers were keeping a very close eye on this and making sure there are all plans, contingency plans in place.


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