Carillion’s collapse shows the perils of financial engineering

On the surface, Carillion looked healthy, but the ugly truth is that the construction firm was little more than a zombie, says Edward Chancellor.

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Carillion had dug itself into a financial hole
(Image credit: Copyright (c) 2018 Shutterstock. No use without permission.)

The construction firm looked healthy, but the ugly truth is that it was little more than a zombie, says Edward Chancellor.

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Edward Chancellor

Edward specialises in business and finance and he regularly contributes to the MoneyWeek regarding the global economy during the pre, during and post-pandemic, plus he reports on the global stock market on occasion. 

Edward has written for many reputable publications such as The New York Times, Financial Times, The Wall Street Journal, Yahoo, The Spectator and he is currently a columnist for Reuters Breakingviews. He is also a financial historian and investment strategist with a first-class honours degree from Trinity College, Cambridge. 

Edward received a George Polk Award in 2008 for financial reporting for his article “Ponzi Nation” in Institutional Investor magazine. He is also a book writer, his latest book being The Price of Time, which was longlisted for the FT 2022 Business Book of the Year.