Laing O’Rourke, Britain’s largest privately owned construction group, has reported a 42% rise in full-year underlying earnings to £142.6m. The group, which has 30,000 staff, said that orders had grown since the year-end to more than £10bn.
The Times, Daily Telegraph
Cromwell Property Group has declined to make a formal offer for RDI Reit after RDI’s board denied the group an extension to conduct further due diligence.
Cerberus Capital Management has raised $5.1bn (£3.9bn) for its global non-preforming loan strategy.
Central London office take-up fell by 34% in the first quarter of this year compared to the final months of 2018, while the amount of space under offer grew by a fifth year-on-year.
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