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CLLN

997 days ago

The Labour left shows on twitter why they hate and fail to understand capitalism

The tweet below relates to Carillion (CLLN) and comes from a leading group of supporters of Jeremy Corbyn and Labour. And it shows why the British left today not only fails to understand capitalism but also despises it.

1076 days ago

Tom Winnifrith Bearcast - learning all the wrong lessons from Carillion

In today's bearcast I look at the range of utterly misguided reactions and proposals being made in the wake of the demise of Carillion (CLLN). Some folks just don't understand capitalism.

1194 days ago

FRC starts investigation into two former Carillion FDs: string'em both up high!

It is individuals that commit financial crime not corporates. And thus, as I have noted so many times before, the only way that we will clean up financial markets in the UK is by starting to throw the book at individuals who sin, making sure that all transgressions, however small, go punished. And that brings us to today's news that the Financial Reporting Council (FRC) has started an investigation into the conduct of Mr Richard Adam and Mr Zafar Khan, former Group Finance Directors of Carillion (CLLN) and members of the ICAEW.

1208 days ago

Tom Winnifrith Bearcast: Easyjet you DO owe me a duty of care, you are lying bastards and your team at Gatwick should be shot at dawn

I start with one reason I am thinking of quitting running businesses: folks who say that they will do something and then don't do it, letting you down. I have had two this weekend and it is just poor behaviour, very tiring and something that bores me. Then it is onto discussing a crap headline article in the Sunday Telegraph on Interserve (IURV) and another on Carillion (CLLN) before my main subject - my 22 hour trip home from Greece. EazyJet you are bastards and this is why I loathe, despite and pity you for being lying scumbags.

1243 days ago

KPMG in the soup again as FRC opens investigation into Carillion

The only UK financial watchdog that is anything other than a poodle has again bared its teeth and again it is the auditors at KPMG that are in the firing line, this time over Carillion (CLLN). Still being investigatred over its role in the Quindell fraud, let off the hook on HBOS, KPMG at least knows how the Financial Reporting Council works.

1251 days ago

Tom Winnifrith Bearcast - Fire the useless Mrs May, Luke Johnson for PM

Again Carillion (CLLN) dominates the news and the political class is talking utter tosh with our useless Prime Minister Mrs May leading the way. By way of contrast Luke Johnson is superb in his Sunday Times Column today. Luke for PM before it is too late.

1252 days ago

Tom Winnifrith Bearcast - Follow the Bear - top ten shorts reviewed & the sins of KPMG

In today's bearcast I take inspiration from Roger Lawson looking at the sins of KPMG at Carillion (CLLN) and EMIS (EMIS), not to mention Quindell (QPP). What to do? I look more at Dignity (DTY) and conclude that - having examined numbers from Beyond - the company is fecked. I look at the dumbest snowflake financial journalist going - natch he works for the Daily Mail. And I wonder should one follow the bears, I review the most shorted stocks on AIM and the main market including IQE (IQE), Debenhams (DEB) and Telit (TCM)

1255 days ago