Jobs must be safeguarded following Carillion collapse

British Construction Company Carillion Goes Into Compulsory Liquidation

Carillion declared insolvency on 15 January 2018 after failing to secure funding to manage its debt burden.

Shadow Chancellor John McDonnell claimed they were "drip-feeding more contracts to Carillion to buoy up an obviously failing company".

A trio of banks have launched emergency funds to support their small business customers impacted by the collapse of Carillion in a move described as "quick and positive" by the business secretary.

The fund will provide some with fee-free overdrafts and the worst hit with capital repayment holidays on loans for an initial six-month period.

Reliance expects earnings boost as telecoms arm turns a profit
Jio also claims to be world's fastest developing digital administrations stage and nation's biggest remote data supporter base. In less than 18 months of its launch, Reliance Jio reportedly had a subscriber base of over 160 million as on December 31.

Lloyds said it would make 50 million pounds ($69.52 million) available, while RBS and HSBC said they would open funds worth 75 million pounds and 100 million pounds respectively.

"For once they should be a priority over banks and investors when it comes to liquidating the assets of the business and paying creditors".

Business Secretary Greg Clark told the BBC that the question of whether firms would receive money owed for work they had completed on contract for Carillion "was a question for the Official Receiver". I will continue to meet with them in the days and weeks ahead to ensure these commitments are being acted on.

The fund is created to support the working capital needs of small businesses within Carillion's supply chain that may now be experiencing financial difficulty.

Feds Intend to Retry Sen. Bob Menendez on Corruption Charges
Menendez is up for re-election this year and all signs indicate he is planning to run for another term. A grand jury charged Menendez and Melgen in 2015 with conspiracy, bribery and honest services fraud.

HMRC is also providing practical advice and guidance to those affected through its Business Payment Support Service.

However, it is a different story on the construction side of the business where work has ground to a halt on all sites.

For facilities management services at the hospital, the Hospital Company is looking to set up a new company to transfer FM workers to, ensuring staff will still be paid.

Lloyds said the aim was to help smaller companies suffering cash flow shortages after the construction giant went into liquidation on Monday. The completion date was originally pushed back from March 2017 to February 2018, and in December past year, Carillion told the Trust it could no longer meet the February date.

We want immigrants 'from everywhere' to come to US
He turned to him and addressed that directly, directly in what I thought was one of the best statements about immigration policy in America I've ever heard", Durbin said.

Related news:

Hot News

isis-killer-beheading-video-story-top Autopsy reveals more details into Roy Halladay's tragic death
Jan 21, 2018 - 00:50
Several nearby boaters confirmed TMZ's report that the pitcher's plane was "dramatically increasing and decreasing in elevation". He went on to pitch a no-hitter against the Cincinnati Reds in the 2010 divisional series.

isis-killer-beheading-video-story-top Facebook Is Going To Let Users Choose What News It Prioritizes
Jan 21, 2018 - 00:33
He also promised that Facebook will show lesser unpaid posts from publishers and brands and more content from family and friends. This is a big change, but news will always be a critical way for people to start conversations on important topics.

isis-killer-beheading-video-story-top Bharti Airtel Q3 net income at INR 306 crore
Jan 20, 2018 - 09:37
Mobile broadband customers increased by 64.9% to 62.1 million from 37.7 million in the corresponding quarter past year . Airtel's revenue from India - which makes up nearly 77% of the total - fell 15% to Rs 15,294 crore.

isis-killer-beheading-video-story-top Wells Fargo customers complain bank did auto payments twice
Jan 20, 2018 - 09:37
Some customers have gotten emails saying their checking accounts had nothing in them. What followed was a frantic journey through the labyrinth of customer service.

isis-killer-beheading-video-story-top Myanmar police kill seven ethnic Rakhine protesters
Jan 20, 2018 - 09:35
A large crowd surrounded a government office in protest, and the police opened fire on them, causing multiple casualties. This is a clear case of excessive use of force in violation of the right to life.

isis-killer-beheading-video-story-top BVB Slams Arsene Wenger, Arsenal Over Aubameyang Comments
Jan 20, 2018 - 09:34
Dortmund's England Under-19 star Jadon Sancho hit the post in the second-half as both sides played out a goalless draw. We can only assume that Arsene Wenger has enough to think about when it comes to the performances of his own players".

isis-killer-beheading-video-story-top New York Jets WR Robby Anderson arrested in South Florida
Jan 20, 2018 - 09:32
Anderson, who played his collegiate football at Temple, went undrafted in 2016 but signed with NY as a free agent. Anderson was reportedly clocked driving 105 miles per hour in a 45 mph zone and later allegedly eluded police.

isis-killer-beheading-video-story-top China: Despite Impressive GDP Growth, Economic Concerns Persist
Jan 19, 2018 - 02:52
President Donald Trump's administration looks like to readdress the yawning trade gap between the two countries, Fenner added. The robust economic expansion indicated stability after slowing down since China last posted double-digit growth in 2010.

isis-killer-beheading-video-story-top Morgan Stanley shares poised to open higher after earnings beat forecasts
Jan 19, 2018 - 02:51
James Gorman, CEO, said, "Over the course of the full year we achieved the strategic objectives outlined two years ago. For the full year, Morgan Stanley had a profit of $7.08 billion, excluding the tax impact, or $3.60 a share.

isis-killer-beheading-video-story-top Adult film star: Trump cheated with me
Jan 19, 2018 - 02:50
Both she and the White House denied the affair but another porn star has since come forward to say Clifford told her about it. Daniels said Donald Trump asked her to have dinner with him, she agreed, and they ended up having sex in his hotel room.

isis-killer-beheading-video-story-top KitKat Japan launches world's first naturally pink, fruity 'ruby' chocolate
Jan 19, 2018 - 02:49
Ruby chocolate, the first new chocolate variety in 80 years, will make its debut in a commercial product in Japan. A larger assortment also includes the KitKat Sublime Matcha and Raw flavors as well for ¥2,400, or $21.60.

isis-killer-beheading-video-story-top YouTube on Tide Pod Challenge: We Don't Want Your Videos Here
Jan 19, 2018 - 02:48
But here's the kicker: the joke of eating Tide PODs has been around longer than most people have realized. "We work to quickly remove flagged videos that violate our policies", said a YouTube spokesperson.

isis-killer-beheading-video-story-top Dear Cape Town: you have a problem, Day Zero is real
Jan 19, 2018 - 02:48
Informal settlements, too, would likely be spared "because many are now operating as a water collection point already". However, it will be compiling a day zero contingency plan which will be made available to the public in due course.

isis-killer-beheading-video-story-top Woman sentenced for manslaughter in teen friend's death
Jan 19, 2018 - 02:47
Investigators arrested Antoine a year ago after finding the selfie showing her wearing the same belt used to kill her friend. Antoine initially threw cops off the scent as she posted to Facebook asking where Gargol was just hours after her death.

isis-killer-beheading-video-story-top Kevin Spacey sexual harassment row: Scotland Yard investigates new allegation against actor
Jan 18, 2018 - 14:30
News. "On 17 November, we received allegations that the same man sexually assaulted a man (Victim 2) in 2005 in Lambeth". Spacey, 58, was one of the first Hollywood stars to face accusations in the fallout of the Harvey Weinstein scandal.