Carillion

Working Capital Sizzles, Wells Fargo Fizzles And MoviePass Faces An Uncertain Future
Working Capital Sizzles, Wells Fargo Fizzles And MoviePass Faces An Uncertain Future
May 11, 2018  |  Sizzle/Fizzle

It’s never a good sign when the headlines begin widely speculating about a firm’s impending demise. That’s currently the media narrative for MoviePass, which has...

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Threat Of Insolvency Spikes For UK Construction Industry
Threat Of Insolvency Spikes For UK Construction Industry
May 10, 2018  |  B2B Payments

Following the collapse of the U.K.’s largest contractor, construction conglomerate Carillion, new data shows a major spike in the number of construction companies facing financial...

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Santander Earnings Hit By Carillion Collapse
Santander Earnings Hit By Carillion Collapse
April 25, 2018  |  B2B Payments

Despite a 10 percent increase in overall earnings, Spanish bank Santander endured an earnings drop on Tuesday (April 24) following the release of its first...

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Accounting Scandals Lead UK To Review Watchdog Powers
Accounting Scandals Lead UK To Review Watchdog Powers
April 18, 2018  |  B2B Payments

A slew of accounting scandals in the U.K. has led the government to launch an inquiry into the powers of the Financial Reporting Council (FRC), the...

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Carillion Collapse Leads UK Government To Blacklist Late-Paying Contractors
Carillion Collapse Leads UK Government To Blacklist Late-Paying Contractors
April 11, 2018  |  B2B Payments

The U.K. government is reportedly planning to blacklist potential contractors that pay their own suppliers late — a response to the recent collapse of Carillion...

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Serious Accounting Problems Found In 40 Percent Of Audits, Watchdog Says
Serious Accounting Problems Found In 40 Percent Of Audits, Watchdog Says
March 13, 2018  |  B2B Payments

Forty percent of audits inspected by the International Forum of Independent Audit Regulators (IFIAR) included serious problems, according to news from The Financial Times on Monday...

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Big Banks Step In To Aid Carillion Suppliers
Big Banks Step In To Aid Carillion Suppliers
January 19, 2018  |  B2B Payments

Large financial institutions in the U.K. are stepping in to help companies affected by the collapse of construction giant Carillion. Reports in the BBC on...

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Amid Carillion Catastrophe, Suppliers Panic With Payments In Limbo
Amid Carillion Catastrophe, Suppliers Panic With Payments In Limbo
January 16, 2018  |  B2B Payments

The global market woke up Monday (Jan. 15) to news that construction conglomerate Carillion, based in the U.K., went into liquidation, setting off alarms throughout...

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