Shares in troubled outsourcing group Carillion dropped a further 5% on Friday as the bad news keeps on piling up.
Having already issued two profit warnings in the space of a year, the company announced last week - following a third profit warning - that it expected to be in breach of banking covenants and that it was entering talks with lenders.
Despite some reassurances from the government that it would continue to support the company with new contracts, a major Canadian investor this week sold 15m shares.
Canadian fund manager Letko, Brosseau & Associates made a regulatory announcement on Wednesday that it was reducing its stake in Carillion to 3.46% from 4.61%.
One of the UK government's largest contractors, Carillion shares jumped 11% last Friday after it was told it would be included in a framework for new school construction projects, worth a total of £2.64bn.
This share price pop soon evaporated, however, and the shares have continued their fall this week.
Little more than a year ago, the shares stood at 250p, but spiralling debts and contract value writedowns which prompted the trio of profit warnings see the shares now trading at 17.5p – down 5.4% on the day.