Crisis-hit UK construction giant Carillion goes into liquidationCrisis-hit UK construction firm Carillion on Monday announced it is going into liquidation after last-minute talks to save the business over the weekend failed. Carillion has a debt pile of around £1.5 billion (NZ$2.8 billion). RBS, Barclays, HSBC, Lloyds and Santander UK are owed a combined £900 million. JACK TAYLOR/GETTY IMAGES Carillion is one of the main contractors for the UK government's flagship infrastructure project. Carillion said the government will provide funds to ensure essential government services carried out by Carillion staff will continue.

Source: Stuff January 15, 2018 19:07 UTC