The president of the European Central Bank warned in a speech in Frankfurt that although the eurozone economy was ‘robust’, recovery was still heavily reliant on stimulus from the European Central Bank
- Pound hits two week high amid sharp dollar sell-off
- Carillion shares plunge after third profit warning
- US homebuilding hits one-year high after hurricanes
Carillion is one of the day’s biggest fallers following another profit warning. Jill Treanor writes:
Carillion, one of the construction companies working on the HS2 London to Birmingham rail line, is racing to refinance its business after issuing its third profit warning in five months and suffering a collapse in share price.
Shares in the company, which is at the heart of several major building projects in the UK, were suspended eight times on Friday after the shock update to the City that it would breach the terms on its existing lending at the end of the year.
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Meanwhile over in Athens thousands of Greeks chanting anti-austerity and anti-capitalist slogans are marching through the city centre to mark the anniversary of the 1973 Polytechnic uprising against military rule, writes Helena Smith.
Greek riot police, bracing for possible violence, are out in force. Communist party members, holding red flags aloft, are leading the protest and using it to decry the”barbaric” policies enforced on workers.