Multiplex, the Australian construction group, yesterday returned to profit and pledged that completion of its beleaguered flagship project, London's Wembley stadium, was 'imminent'.
Wembley stadium is due to host the football FA Cup final in May but the project is more than a year behind schedule - The Financial Times
The company upgrading two-thirds of the London Underground will today announce a fundamental change to the way it does business. In a move to overcome problems that have seen it fall seriously behind schedule in some areas of work. The Metronet consortium will say it is awarding £150M of work on six stations to outside contractors for the first time, to speed up work and control costs. Metronet has previoiusly awarded its work to its shareholders Balfour Beatty, Atkins, Thames Water, EDF and Bombardier It will add that it intends to put contracts for work on a further 78 stations out to tender - The Financial Times
Hanson, the building materials group has talked down speculation of a takeover bid for the company as it posted a 12% increase in pre-tax profits. Chief executive Alan Murray said: 'We're not in talks with anybody. We don't let this stuff distract us.' - The Daily Telegraph
Outsourcing company Capita, which runs London's congestion charge scheme has a record order book worth £2.6bn. Capita unveiled a strong set of results yesterday with pre-tax profits up 18 per cent to £200m while turnover jumped 21 per cent to £1.7bn. Shares fell 2% because of a lack of news on major contract wins - The Independent
The Government's green credentials were called into question after it emerged that its Climate Change Bill would not become law in the current parliamentary session. Ministers trumpeted the decision to include the Bill in the Queen's Speech last November as a sign that the environment was at the top of Labour's agenda - The Independent
A bitter argument has erupted over Moscow's iconic Red Square after the authorities were accused of secretly and illegally 'ripping the guts' from a Unesco-listed historic building. According to concerned architects, four historic buildings that formed an integral part of number five Red Square have been stealthily demolished to make way for a luxury hotel and apartment complex for Russia's super rich- The Independent