Last Updated : GMT 09:40:38
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Themuslimchronicle, themuslimchronicle
Wednesday 11 June 2025
Last Updated : GMT 09:40:38
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Philip Green

UK construction firm Carillion collapses

Themuslimchronicle, themuslimchronicleUK construction firm Carillion collapses292127/504
London - Muslimchronicle
British construction group Carillion announced its immediate liquidation Monday after the heavily-indebted company failed to secure a financial rescue from the UK government and banks in last-ditch talks. Carillion, which employs 43,000 staff worldwide including 19,500 in Britain, said that the government would nevertheless provide some funding to allow current state projects to continue, following crunch talks over the weekend. Analysts warnedRead more

British MPs slam 'unacceptable' retail tycoon

Themuslimchronicle, themuslimchronicleBritish MPs slam 'unacceptable' retail tycoon195670/84
London - AFP
British MPs branded a billionaire tycoon the "unacceptable face of capitalism" in a report on Monday about the collapse of department store chain BHS which caused the loss of 11,000 jobs. The lawmakers also called on former boss Philip Green to address "urgently" the shortfalls in a pension fund of 20,000 former employees. "The tragedy is that those who haveRead more

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