We start by bringing you the news Carillion has announced it is taking steps to enter voluntary liquidation, threatening thousands of jobs.

Carillion Copyright: Carillion

The Wolverhampton-based construction company said talks over the weekend to secure short-term financial support for the business failed.

"The board of Carillion has therefore concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect," a statement said

Philip Green, chairman of Carillion, says: "This is a very sad day for Carillion, for our colleagues, suppliers and customers that we have been proud to serve over many years."