this is business live, from bbc news, with ben thompson and sally bundock. the construction giant carillion goes into liquidation. shares in the company have been suspended and tens of thousands ofjobs are at risk. live from london, that's our top story on monday, 15th of january. carillion fails to reach an agreement with its creditors and the uk government may be forced to step in to secure jobs around the world. also in the programme: drama in jakarta — the floor of the jakarta stock exchange collapses, injuring dozens dozens of people. we'll cross to asia for the latest. and a new week, and markets remain in buoyant mood — we'll talk you through what's moving the numbers higher. those are the numbers at the moment

and we will have all the details later. after strong grazes on european markets and especially in the united states. but that is what is happening in europe right now. we will have the details for you. we will have the details for you. and there might be ‘white—collar‘ and ‘blue—collar‘ jobs, but what about the booming market for ‘no—collar‘ workers? we meet the woman cashing in on recruiting top talent to the creative sector. and given the scale of carillion‘s activities and number of staff it employs, should the government step in to rescue the firm? let us know your thoughts. use the hashtag bbcbizlive. hello and welcome to business live. and you can join and you canjoin the and you can join the debate this morning. it is a story which will affect many thousands of people ) and the world so let's know your thoughts on carillion. the uk's second largest

construction firm, carillion, is to go into liquidation, threatening thousands of jobs. the firm is involved in major projects like the hs2 high—speed rail line, as well as managing schools and prisons. carillion employs 43,000 staff worldwide. that is why it is of such significance. including 20,000 staff in the uk. the moves comes as the company failed to reach an agreement with its lenders and the government. despite this, carillion‘s public—sector services will still continue to receive funding. sally. thanks very much. with me is our business editor, simonjack. what do you know? carillion is not a household name but about 200 years worth of british construction history. tarmac, mcalpine. wimpey. all that stuff. this is a very major

company. and very significant. it had too much debt. ever sincejuly last year when it did not... it gave a profit warning, we knew it was struggling, but it continues to win government contracts. a lot of eyebrows were raised and tough questions for the government as. today, we learned they are going into compulsory liquidation. that is a different term to administration. they are doing that because the godman to continue to pay public service staff and they could not just put it into a pot to be shared up just put it into a pot to be shared up by just put it into a pot to be shared up by the creditors, it had to be aimed at the hospitals and the schools and the prisons where people we re schools and the prisons where people were employed. it is a big political question about whether it is a good idea to award these vital public service contracts to private companies. but first, people will be concerned about their jobs. companies. but first, people will be concerned about theirjobs. 20,000 in the uk and another 23,000 elsewhere around the world. the government has said if you are an employee of carillion, you should go

to work today because the government will pay your wages. what i think will pay your wages. what i think will be the biggest impact ultimately of this will be on the army of subcontractors. 0ften, carillion is the lead contractor and they have dozens of smaller and medium—sized companies working for them. they have not paid them, but they usually pay their suppliers of four months and a lot of those people will not get paid and that could have a big knock—on effect. lot of criticism that it has got too big, too quickly. by buying up all these firms around the world. is there any truth in that? sometimes rapid growth can make a company exposed. it is a risky business contracting and you take on a big project and you promise to deliver on time at a price. if there are problems coming you have to take the cost of those. carillion had a couple which went bad in the uk and they were in the habit of recognising revenue from these contracts before they knew how the contracts before they knew how the contract has gone and they are being investigated for that. they are also

being investigated about how weak they knew the company was when it made certain statements to the stock exchange. two separate investigations. you say difficult questions for the government with regards to private finance initiative and that kind of thing. but also, carillion got really big and very lucrative contracts with the government after they had issued profits warnings and many will be asking that question. a lot of people will ask that question. chris grayling the transport secretary, who was transport secretary at the time, he will say, we built these contracts in such a way so if one of the three partners went bust, the other two could cover it. other people will say what the government was doing was giving it contracts help it out a bit because basically, it knew it had a lot of debt and the banks do not want to throw more good money after bad. if we give them the contract, structure it in such a way that if they go bust, it does not matter, can they take that to their

bank and they will say, we can give you more money because you have revenue coming in? just briefly, as far as the revenue coming in? just briefly, as faras the uk revenue coming in? just briefly, as far as the uk is concerned, the government said, go back to work and we will ensure your salaries. but what about those who work overseas? that is a really difficult question because some of their problems came from overseas. one of their biggest customers will saudi arabia, a lot of work in the middle east. when the oil price fell, people started tightening purse strings and a lot of that money did the dry up. i cannot give you a definitive and about what happens to stuff overseas, but i understand it is a very worrying time for those people and people in the uk. thank you for yourtime, and people in the uk. thank you for your time, simon. there and people in the uk. thank you for yourtime, simon. there is and people in the uk. thank you for your time, simon. there is much more on the website and we will show you that later. let's take a look at some of the other stories making the news. sales of volkswagen cars rose to a new record last year thanks to rising demand in china and the americas. despite the emission

cheating scandal. the company overtook toyota as the world's best selling carmaker in 2017. it's on track to retain that spot. the french dairy company lactalis says it will pay damages to the families affected by its contaminated infant formula. authorities reported that around 35 children became ill after consuming baby formula made by the company. more than 12 million boxes of powdered baby milk have now been recalled in 83 countries. japanese tech giant softbank is planning to list its mobile phone business in tokyo and overseas, according to the nikkei newspaper. if it goes ahead, the listing would be one ofjapan‘s biggest ever initial public offerings. a floor has collapsed at the stock exchange in indonesia's capital, jakarta. pictures posted online show the ground at the exchange covered in debris. karishma vaswani is in singapore. i was looking at those pictures earlier, pretty dramatic of what has

happened in jakarta. yes, it has been chaos and confusion. ever since that collapse took place around lunchtime, local time. in that collapse took place around lunchtime, localtime. in the that collapse took place around lunchtime, local time. in the last few minutes, we have received confirmation from our bureau in ja ka rta confirmation from our bureau in jakarta that indonesian police are saying as many as 72 people have been injured as a result of the colla pse been injured as a result of the collapse that took place at the building that houses the jakarta stock exchange. and a number of other offices including the world bank and some small embassies and oil and gas companies. what we understand to have happened is that the mezzanine walkway connecting the two towers of the building that the ja ka rta two towers of the building that the jakarta stock exchanges in, that is the part of the building that appears to have collapsed. police in ja ka rta appears to have collapsed. police in jakarta have ruled out any suggestion there were terrorists or militant networks involved in this collapse. they have not found the

cause of how this occurred and why it happened. we also understand that in the last hour, people have been allowed back into the building, but they are not allowed at the level, they are not allowed at the level, the mezzanine walkway level, where this damage has taken place. the ja ka rta this damage has taken place. the jakarta stock exchange itself has resumed trading in the last hour and one of the spokespeople has told us that the reason for that is that all of the employees of the stock exchange appear to be safe and none of them have sustained any injuries. but a sizeable number of people injured. 72 as i said earlier, and they are being treated in hospitals around the centre of the city, where this collapse took place. remember, it is an extremely busy part of the indonesian capital. the building itself is one of the most prestigious across the financial landscape in jakarta. prestigious across the financial landscape injakarta. it stands right opposite a busy shopping

centre in jakarta, an right opposite a busy shopping centre injakarta, an area which we understand now has been cordoned off by police and ambulances. thanks very much. i know you will stay across that story as it develops. for now, thank you. us markets continued to go from strength to strength last week, building on those strong gains of last year. stronger corporate earnings and a strengthening us and global economy boosting optimism. this is the picture in europe, not echoing what we have seen in the united states. starting the session a little lower. concerns about the strengthening euro and that would hit their earnings overseas. the ftse100, though, got a boost from that move upwards in oil prices. but starting a new week following the events in europe. thank you. joining us is james bevan, from ccla investment management. nice to see you, james. it is nice

to be here. in london, some of the competitors of carillion are doing quite well today. balfour beatty, their shares are up. kier group. we talk about the disaster of carillion, it will have a huge impact on many jobs carillion, it will have a huge impact on manyjobs and parts of government, but there are already share prices on the move upwards. suchis share prices on the move upwards. such is capitalism, i'm afraid this isa such is capitalism, i'm afraid this is a destructive process. but plenty of companies will pick up the contracts carillion has had. we do not know the ripple of the failure of carillion in terms of the suppliers and contractors. we will have to wait and see. what you make it all? for a very long time, there have been lots of signs that carillion has been in trouble, so it moved to delay the payment of money to its suppliers. some years ago. people were saying, this is a sign

ofa people were saying, this is a sign of a company that is in the first stages of significant trouble. a lot of people said, no, that cannot be so. of people said, no, that cannot be so. look at the scale of its contracts. but they were on wafer thin margins, a lot of cross subsidy. business did not generate enough money to pay the debt. and we have to have a really worried concern about the pensioners. because part of the deficit carillion has is 600 million in deficit to its pensioners. away from carillion, what else are you looking at? us markets still continuing an u pwa rd at? us markets still continuing an upward spiral since the end of the less year. european markets are not following the same path. the long—term market is in place because as you have identified, we have relatively synchronised global growth which is stronger than anticipated. inflation remains low and bond deals remained low and people needs companies that have solid and sustainable growth, many in the united states. we will watch

closely and i am sure we will talk again. for now, thank you. james wilby back soon. still to come: a labour of love! we'll be speaking to the founder of a company which helps creative professionals find their dream job. you're with business live, from bbc news. driverless cars are quickly becoming a reality. but how can we make sure the uk's roads are ready for them? a new competition is appealing for ideas and offering winning entrants £30,000 to develop them. anna—marie baisden, head of autos at bmi research, joins us now. it is nice to see you. what you make of this idea? it is a very good idea to get as much input as possible. it is certainly a big issue that will be deeply the most difficult period when you have driverless and human

driven cars on the roads. to get as much input as possible, i think, is a great idea. because it is something that is very new to the industry, nobody is used to it, so why not get as many ideas as possible? as you say, it is great to get as many ideas as possible from as many sources. the question is, how do they pick the winner? it is an attractive price, it is going to be difficult! absolutely, there will be a range of criteria we will be looking for so safety is going to be key. you will be having autonomous and manually driven cars and it is really important they can work around each other in terms of speed limits and knowing what other cars will be doing. also, one of the biggest challenges that came up in the brief about the competition is that you need solutions that can work on both small presidential roads and motorways. so there are a lot of big challenges. and before you go, let me get your predictions.

they may be putting you on the spot, but wait you think we will be seeing d riverless ca rs but wait you think we will be seeing driverless cars on the road?“ but wait you think we will be seeing driverless cars on the road? if you are looking for fully autonomous, it is probably a block further down the line than people think. we are still facing big challenges about how to get them working and we will have that transition period. you could be looking at 20 years or more tap fully autonomous, if it comes at all. it is always good to see you, thank you for your time. interesting competition with £30,000 up for grabs. get your ideas in! a lot of you getting in touch about the news that carillion is in liquidation. we asked should the government step in given the scale and scope of the firm? your responses are no. you make the point that other businesses have been allowed to fail so this one should be no different. keep your comments coming in. you can use the hashtag,

bbc biz live. you're watching business live. airbus saying it booked 1109 aircraft orders last year and saw a record number of deliveries of 718. there is a close rivalry between airbus and boeing. so, the two going head—to—head in terms of who can make the biggest sales. who can book the biggest number of orders. 1109 for airbus overtaking arch rival boeing, booking, we sayjust, 912 orders. expensive big planes at that. you talk about the rivalry and in term of delivery which is another way of measuring this, the finished planes, boeing was in the lead. we must give them acclaim. 763 aircraft

delivered to customers last year. which is the most important. delivered to customers last year. which is the most importantlj delivered to customers last year. which is the most important. i think it is new orders for what's coming up. our top story: the uk's second largest construction firm, carillion, is to go into liquidation, threatening thousands of jobs. there are full details on the website. if you're in the market for a newjob, many people will head online to use the employment service linkedin. that's if you're a traditional "white collar" professional. but what about those working in creative industries? there are an estimated 80 million professionals working around the world in so—called "no collar" jobs and matching the right creative jobs with the right people is a business worth $15 billion a year. so to cash in, pipjamieson founded the dots from her houseboat on regent's canal in london.

i want to ask you about the houseboat! her business is a job finding platform for the creative industries, catering to a new class of " no colla r" professionals. this year, pip hopes to connect a million creative professionals and freelancers, and she recently competed a $5.5 million round of funding which should help her do so. joining us is pipjamieson, founder and chief executive for the dots. the name, is it aboutjoining the dots? is that about where that came from? join the dots and then connect the dots. tell us about this, this isa the dots. tell us about this, this is a two year project on your part. you started yourself and one other on the houseboat and now, it has grown very, very rapidly? yes, i used to work at mtv and i realised i was surrounded by friends who were working in a very different way that the traditional white collar workforce so we were creatively led and freelancing and adopting portfolio careers and linkedin was not working for us, i wanted to develop a different way for being

able to help creators promote themselves online, but connect with opportunities. what are the differences? why doesn't something like linkedin work for cre avetive people? on the white collar you had that traditional cv—based career, it would be very much of a job ladder, but the people i'm surrounded with are working on multiple projects. the way the dots work, you post a project on the site and you tag the teams around the projects. that means we find it good in terms of the trust data we get being able to match employers with people, but people with each other. that means everybody on the project gets a say as it were or gets their name attributed to it and that's really important for freelancers, isn't it, often the freelancers don't get on the credits? absolutely. if there is an advertising campaign, freelancers rarely get credit. juniors never get

credit. talking of top senior people, you have got sirjohn hegarty on board, he is the chairman and he put in quite a bit of his own money. tell us who he is and why he is significant? john hegarty is one of the grandfathers of the advertising industry. he started bbh which he sold and having someone of that creative calibre as part of the dots has been incredible. he has not only put his money in the pot, but he is mentoring and hands on? he is hands on when i need him to be! laughter he is probably watching. i wonder what your business tells you about the changing way we work as well. there is a tendency to think that all creatives are freelance and can work on the fly. a lot of traditionaljobs are going that way as well, aren't they? it is interesting you chatting about d riverless interesting you chatting about driverless cars. we are about to see mass automation of lots of careers and it started with blue collar working, but white collar working is

not immune to this. one of the ha rd est not immune to this. one of the hardest things that machines can auto mate is a human's capacity to be creative. a so a lot of the big companies, pwc is one of our clients and they look look for more creative talent. you are looking for other cities. i can imagine you could see growth, how will you meet that challenge. when a company grows really, really quickly, it is difficult to run? i have hired past employees at linkedin who were part of the scale up process. the reason i put people likejohn hegarty around me is to prepare for the scale. london is the biggest creative cluster in the world. it is bigger than new york. london, there is the highest contentration of

creators and we think about creators in cities. if you look across the us, there is more creators across the us, but in terms of clusters, london is the biggest cluster. and it is where the houseboat. tell us about the houseboat! you were looking out the window at the swans? it is the most amazing place to start a business. branson started a business on a houseboat. every time i tried to get a complicated meeting, if you invite them to your houseboat they always say yes. it is the best business angle i can have. we should do this show on a houseboat. nice to see you, pip. in a moment we'll take a look through the business pages but first here's a quick reminder of how to get in touch with us. stay up—to—date with all the day's business news as it happens on the bbc‘s business live page. there is insight and analysis from our team of editors right around the globe and we want to hear from you too.

get involved on the bbc‘s business live web page at bbc.com/business. on twitter, we're at bbc business. and you can find us on facebook at bbc money. business live on tv and online, what you need to know, when you need to know. james hasjoined us again. we are looking at some of the other stories out there in business. there isa stories out there in business. there is a really interesting article in the guardian about 0xfam. is a really interesting article in the guardian about oxfam. oxfam are saying people bring us lots of stuff and we might to optimise the money that we make. we're going to send some stuff off to eastern europe or africa, but otherwise we're going to make as much we can and redistrict some of the property to branches that need to sell stuff instore. doing it online as well. it is not that you are going to have to go

through the doors, they are going to put it online? what is important about online is the capacity to charge a sensible price for great products. you can go on the online site and find a scar of for £199. you wouldn't get £199 in a store. two members on the board not looking for re—election. two members on the board not looking for re-election. cheryl is the leading light of facebook and jack is the leading light at twitter. the founder of twitter? these are big names. it says that disney is getting on to their turf competing directly and indeed we've had lots of news that disney is going to get into streaming of media. it's doing that. it is kind of pulling away from a lot of relationships like netflix because it is having to compete with these people that it has been teaming up with? there is a

change in us legislation that makes it possible for them to do so economically. so that's really important. let's look at cars, d riverless ca rs important. let's look at cars, driverless cars we touched on earlier, gm says its driverless cars won't have steering wheels or pedals orany human won't have steering wheels or pedals or any human control. that's a scarry indeed, isn't it? lots of people have said so we can have cars that are going to do their own thing, but the capacity for a human being to override if necessary. gm are saying we are going to make this are saying we are going to make this a crash—free zone. i will be really interested to see if it works. scary. exciting. definitely. ifeel like a dinosaur! so do ijames, you're not alone there, i have to say. thank you for coming in today. there is always space for dinosaurs on this show. we will have more coverage of the events at carillion and what it can mean for people in the uk and around the world. we will see at the same time, same place tomorrow. bye—bye. good morning.

the weather over the coming days is looking pretty changeable. we have got a bit of everything in the forecast, but generally, it's turning much colder over the coming days. we have got snow and ice on the forecast for tonight and tomorrow and turning windier as the week goes on as well. we have a weather front which is draped across the country this morning, bringing a lot of cloud and some heavy rain with it. that will clear through behind it, the colder air taking charge, it will be windy this afternoon with a mixture of sunshine and showers. so at 8am, we have got this weather front across the south east, heavy pulses of rain and strong winds, but it is a mild start to the morning. a lot of cloud as we head further west. and some heavy showers across wales, but blustery conditions... our top story today. one of britain's biggest construction companies, carillion, has been placed into liquidation this morning, threatening

thousands of jobs. the move came after discussions between carillion, its lenders and the government failed to reach a deal to save the company. we'll hear from some of those affected throughout the programme. also on the programme... the uk still has one of the highest rates of teenage pregnancies in europe, despite it halving in the last eight years. and now, for the first time in almost a decade, councils are going to get government guidance on how to reduce the number still further. ifeel like being a parent's probably one of the loneliest places i've been. and you lose a lot of your friends. they don't want to focus on this little baby. they want to go out, do their own thing.