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London stocks were set for a weaker open on Wednesday after a downbeat session on Wall Street, where equities failed to hold on to their initial gains after the Dow breached the 26,000 level for the first time.
The dramatic collapse of Carillion has started to hit thousands of the firm’s suppliers, as the real world impact of the demise starts to emerge. Subcontractors owed money by the construction and services giant are already being pressurised by their banks and have begun laying off workers, as the threat of contagion afflicting the sector was likened to a near re-run of the banking crisis. - Guardian.
