ISG appoints administrators in the UK

Published On Sep 20, 2024, 11:22 AM

ISG, an international construction group operating in the UK, has filed for administration, placing around 2,400 jobs at risk. The company has previously worked with major clients including Apple and Google. Ernst & Young has been appointed as joint administrators to manage the situation.

Read full article

Stock Forecasts

FLRView FLR chart on TradingView

Negative

The administration of ISG could negatively impact associated construction stocks, particularly those that share clients or market interests with ISG. This could potentially lead to a decline due to investor fears of wider industry contagion or reduced future contracts.

Related News

ISG appoints administrators in the UK

Sep 20, 2024, 11:22 AM

About 2,400 jobs are believed to be risk across the country at ISG.

FLR