LONDON—One of the U.K. government’s biggest contractors entered liquidation proceedings Monday after weekend rescue talks collapsed, a high-profile failure that comes amid a renewed debate in Britain over the role of private-sector companies in the delivery of public services. Carillion PLC said its board agreed to wind down the company after failing to reach an agreement with its lenders on the restructuring of its debts, a move that caps months of speculation about its future following poorer than expected results.

Source: Wall Street Journal January 15, 2018 10:41 UTC