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Interserve Seesaws as Carillion Collapse Said to Prompt Scrutiny

  • Shares drop 15 percent after FT says government ‘very worried’
  • Stock pares decline following company, government reassurances
Bloomberg business news

Labour Party Says Carillion Impact `Running Out of Control'

Shares of Interserve Plc seesawed Wednesday on a report that the U.K. contractor is under government scrutiny after the collapse of rival Carillion Plc.

Lawmakers are “very worried” and a team of officials has been created to monitor the business, the Financial Times reported, citing government sources. Interserve shares fell as much as 15 percent, before rebounding to trade only slightly lower following reassurances from the company and the government.