Richard Howson, former group chief executive of Carillion, has been fined £237,700 for his part in misleading statements being issued by the company.

The Financial Conduct Authority (FCA) has fined two former Carillion finance directors for their role in misleading statements issued by the company ahead of its collapse.

The Financial Conduct Authority (FCA) has announced that it would have imposed a £37.9m fine on Carillion – were it not for the fact that it is already insolvent and in liquidation.