Carillion plc (British construction and services company) bags M6 contract of £104.9m to transform another section of M6 motorway into a managed motorway that is from junction 5 and 8.It also includes upgrading the motorways with new technology and new operating procedures to control and manage the traffic flow.Work will start from June month and is likely to be completed by 2015.Stock of the company was trading at 308.92 which was +8.12 (2.70%) on Jan 3,2012.

Broker Views

According to Caroline de La Soujeole analyst at Seymour Pierce – ‘This is a small contract by Carillion standards but is noteworthy showing that contract activity in the UK support services arena remains sustained,’ Soujeole’s suggested target price is  440p, and in Tuesday trading the stock reached 308.40p.

investorschronicle.co.uk – Stock is a bit down from their buy recommendation but still seems attractive..Suggests buy

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S&P ends flat on the last trading day of the year 2011 while Dow Jones finished a bit higher.Standard & Poor’s 500 Index remained unchanged for the year as investors are still concerned about the European debt crisis and political crisis.In 2011 Utilities and consumer staples were top performing sector and these sectors showed around 10 % gains while financials and materials were the biggest losers.

Mc donald’s corp was the biggest gainer this year that lead to 31 % of gains.Stocks related to finance dropped around 18 % ,Bank of America Corp. tumbled 58 percent and was top in the list.Solar Inc. had the biggest drop in the S&P 500, losing 74 percent.

US President Barack Obama is going to delay debt limit increase request.Recently Treasury dept. had said that govt. was due to hit its debt limit of $15.2 trillion in the first week of January.

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