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Carillion’s share price plunges after profit warning

Carillion’s share price plunged on Monday after the building contractor issued a profit warning and said it would carry out a comprehensive review with all options under consideration.

A review of contracts led to the group making a £845m provision, of which £375m related to the UK. New order intake slowed in the second half, which the company attributed to changes within government departments following the result of the EU referendum.

Richard Howson stepped down as chief executive and has been replaced by Keith Cochrane on an interim basis.

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