MORE than £440 million was wiped off the value off Glasgow-based temporary power company Aggreko after it issued a profit warning on the back of rising bad debts, higher costs and currency movements.
MORE than £440 million was wiped off the value off Glasgow-based temporary power company Aggreko after it issued a profit warning on the back of rising bad debts, higher costs and currency movements.
ISSUES: Rupert Soames, chief executive of Aggreko, is battling rising bad debts, higher costs and currency movements. Picture: Chris James
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TIM SHARP CITY EDITOR
The issues, focused at the arm that caters to governments in developing countries, overshadowed better than expected results at its local business, which Aggreko revealed made £59m from providing power at the London Olympics this summer and is lining up a bid for the 2014 Commonwealth Games in Glasgow.
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