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BlackRock wins from big bet on Carillion collapse

UK construction company went into liquidation this morning

BlackRock wins from big bet on Carillion collapse
Photo: Joe Giddens/PA Images

BlackRock, the world's largest fund manager, is among a group of investors to have won from the collapse of Carillion, the UK construction company that went into liquidation this morning.

Crisis talks between Carillion, its bank lenders and the UK government on how to avoid its closure failed over the weekend and shares in the FTSE 100-listed company have been suspended, creating a windfall for investors with short positions in the stock.

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