Carillion profit up on bidding activity
LONDON (Reuters) - Building and support services group Carillion (CLLN.L) met forecasts with a 59 percent rise in first-half profit on Thursday, driven by high bidding activity in its main markets, and said it expects to make strong progress in 2008.
The company posted 53.6 million pounds in underlying profit before tax for the six months to end-June, compared with 33.8 million a year ago and a mean forecast of 52.95 million in a Reuters Estimates poll of four analysts.
(Reporting by Marc Roca)
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Credit headwind
News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows. Full Article

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