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BUZZ-Carillion: bears win out in volatile trading post-results

Wed, 07th Dec 2016 09:57

** Carillion falls 5 pct after being up as much as3.5 pct, after announcing FY guidance

** Sees a slowdown in new orders in H2 due to Brexit vote

** Liberum says trading statement broadly in-line butflattered by a £20m one-off in support services division

** Berenberg, Singer and Liberum all point to reduced ordervisibility (70 pct for 2017 v 84 pct for 2015)

** Stock the most shorted on the FTSE 350 - 16 hedge fundshave major short positions totalling 21.6 pct, according to theFCA disclosure register

** A number of brokers expected a short squeeze given lackof major negatives, with some calling the stock up as much as 5pct pre-market

Carillion Plc

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