Author: Lucy Reeve

FCA finds Carillion made misleading announcements as directors ignored warning signs

The Financial Conduct Authority has published decision notices finding that Carillion plc and three of its executive directors breached various Listing Rules and the Market Abuse Regulation in connection with misleading announcements published in the lead-up to Carillion’s high-profile collapse. Listed companies should consider what these decisions mean for their own internal processes and whether there are any improvements that ought to be made.