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Good afternoon and welcome to LIVE coverage from the qualifying session of the Monaco Grand Prix. Lewis Hamilton topped the timesheets in FP1 and FP3; while Fernando Alonso took the spoils in FP2. And Daniel Ricciardo split the Mercedes in FP3, so this should be a close fought affair.

Formula 1 | Monaco Grand Prix
Circuit de Monaco | 24.05.2014
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Live Updates
Marcus Foley

Updated 24/05/2014 at 13:45 GMT


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The Ferrari pairing of Fernando Alonso and Kimi Raikkonen filled the third row.
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Australian Daniel Ricciardo will start in third place for Red Bull with quadruple world champion team mate Sebastian Vettel alongside on the second row.
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Hamilton does not look a happy man!!
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Hamilton has to ease off after the yellow flags - and Rosberg's mistake means that he will start on pole with the Brit second. Incredible.
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Ricciardo can't improve his position of third.
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The yellow flags are out - Rosberg goes off at Mirabeau.
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Raikkonen goes sixth after a little bit of understeer - 1:17.389 is good enough for sixth.
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All ten cars out on the track now!
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Everyone bar Perez is in the pits to get the supersofts on for a final flying lap.
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Hamilton is now second fastest - he is just 0.059s behind his teammate. This is going to be close.
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A 1:15.989 takes Rosberg top of the timesheets.
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Jean-Eric Vergne goes fastest with 1:18.030.
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As mentioned earlier, pole is incredibly important here - nine of the last ten Monaco Grand Prix have been won from pole.
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Perez out first followed by Alonso and Raikkonen.
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And we are up and running in the last 12-minute slot of qualifying.
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Hulkenberg, Button, Bottas, Grosjean, Maldonado and Massa are out of this one.
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Hamilton goes quickest - 1:16.345.
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Button is in the drop zone after Perez goes eighth fastest.
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Vettel not happy after the lap that took him fourth – his KERS is down. "We need to sort this problem out," he barks down the radio.
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Vergne, Perez, Bottas, Grosjean and Maldonado in the drop zone as it stands.