Credit insurance saves Billington from ISG hit

Structural steel giant Billington said a payout from its credit insurer has spared the firm from a major hit from the collapse of ISG.
In a trading statement today it said: “Billington has historically traded with various ISG trading entities, delivering a number of high-profile projects.
“The Group has received an interim payment from its credit insurer and subject to formal acceptance by the insurer of an independent assessment of the remaining claim, the financial impact on Billin