Lendlease

Lendlease has reported an A$173m (£89.7m) pre-tax loss in interim results after making further provisions to deal with dangerous cladding in the UK. The publicly listed Australian contractor and developer has put aside a further A$22m (£11.4m) to tackle its historic building-safety liabilities in the UK, it revealed in interim…

A judge has dismissed Lendlease’s attempt to sue Aecom for £3m over fire-safety defects at a cancer centre it worked on in Yorkshire. Justice Stephen Eyre said he would have found the consultancy liable for eight defects if Lendlease had brought the legal action about nine months earlier, but stated…

ISG was the biggest contractor by spend for the Ministry of Justice (MoJ) in the latest financial year, Construction News can reveal. CN obtained data on the MoJ’s spending in 2022/23 under the Freedom of Information Act. The spend includes that by HM Courts & Tribunals Service and HM Prison…

Lendlease is set to build a £150m events hub in the North East. The firm was appointed by developer Ask:Patrizia to deliver the Sage International Conference Centre within the Gateshead Quays scheme. Councillors last month approved revised plans for the broader redevelopment of this part of the south bank of…

Lendlease has posted a A$238m (£122m) pre-tax loss for the year ending June 2023. In the same period last year, the Australian firm posted a A$177m (£90.5m) pre-tax loss. The company attributed the losses to “industry-wide action by the UK Government relating to residential buildings”. It explained: “This action has…

Lendlease is cutting 760 jobs – 10 per cent of its global workforce. The Sydney-headquartered developer and contractor has not specified what job roles will be cut, nor which regions will be worst-affected by the changes. However, it said its Australian workforce will see a 5 per cent reduction, with…

Lendlease has appointed Andrea Ruckstuhl as its new chief executive for Europe. Ruckstuhl (pictured), who has been the company's head of Italy and Continental Europe for several years, takes over from former Europe chief executive Neil Martin, who is set to retire by the end of September. Ruckstuhl joined Lendlease…

As the Zero Diesel Sites Route Map is launched, CN asks if it will be a rocky road to follow The construction sector is seeking operational dividends by introducing green onsite plant to align with the government’s net-zero 2050 commitment. However, implementing change is complicated by the variety and complexity…

Seven contractors have won a place on a new £5.1bn, 10-year Strategic Alliance Contract from the Ministry of Defence (MoD). Galliford Try, Graham, ISG, Kier, Laing O’Rourke, Lendlease and Morgan Sindall will conduct the design-and-build elements of a new delivery, commercial and procurement strategy process within the MoD’s 25-year Defence…

Lendlease has revealed its Europe chief executive Neil Martin will step down in October after four years in the top job.  The news comes just two weeks after the division reported a £230m annual pre-tax loss.  In an announcement on its website, Lendlease said Martin had “decided to retire”, adding…