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Coltrane Asset Management made £4m by betting on rival’s failure
Largest shareholder Coltrane attempts to derail proposal and demands removal of board
Any business that gets most of its turnover from one customer puts itself at risk
Debt-for-equity swap would wipe out shareholders of struggling UK government contractor
Time is running out but signs are emerging that deadlock for outsourcer may be broken
Possible deal could cut borrowings but leave outsourcer’s shareholders nursing heavy losses
Contractor still holds out on demand to hand lenders its most profitable division
Investors and lenders grow wary of industry rocked by Carillion’s collapse
Companies will be forced to innovate or shrink and what emerges should be stronger
Ministers do not view company as another Carillion despite financial difficulties
Carillion collapse and troubles elsewhere thrust sector into spotlight
Shares plunge more than 70% as government contractor tries to avoid fate of Carillion
Lenders could be left in control and shareholders wiped out
Shareholders in outsourcer could face near wipe-out as sector’s problem deepen
Company used by Whitehall to vet suppliers offers bleak assessment
The support services and construction company needs a balance-sheet fix
Penalties hit shares as concern over outsourcer’s financial health increases
UK contractor suffers share price falls with memories of Carillion still fresh
Investors are sick of being forced into emergency share issues under threat of dilution
Disclosed short positions represent 6.16% of contractor’s stock
Shares fell as much as 12% in early London trade before recovering
International Edition