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The Latest Breaking News from Lendlease

Crown Estate strikes deal to back London Euston redevelopment

The monarch’s property company has agreed to take a 50% stake in the new joint venture, overseeing six development schemes in London and Birmingham.

Evening Standard

Path cleared to faster compensation payouts for victims

An important decision by Australia's highest court means class actions can more easily be resolved, improving the speed of compensation to victims.

AAP

Slimmed down Lendlease posts first profit in two years

Lendlease has made a statutory profit of $48 million in the first half, compared with a $136 million loss a year ago.

AAP

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Property giants see reasons for optimism in real estate

Positive sentiment is returning to the Australian property market, the bosses of Mirvac and Lendlease have told shareholders at their annual general meetings.

AAP

Education Directorate head Katy Haire retires with integrity report pending

Staff were told of the director-general's retirement via email.

The Canberra Times

Are the Royal Docks set to be the new King's Cross?

Earlier this year, Sadiq Khan launched a bid to transform the Royal Albert Dock with thousands of new jobs and homes, mimicking the successful regeneration of Granary Square. Ross Lydall reports

Evening Standard

Lendlease's losses deepen after tough year in property

Lendlease has extended its bottom line losses to more than $1 billion after taking a hit in a tough market as charges related to its new strategy took a toll.

AAP

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The controversy behind a school expansion and the CFMEU's alleged involvement

There have been allegations of corruption and union interference.

The Canberra Times

Education boss sought official's experience in Campbell school tender

The procurement is being investigated by the Integrity Commission.

The Canberra Times

Official says he did not act corruptly in 'best and final offer'

Counsel assisting alleged he had engaged in 'serious corrupt conduct'.

The Canberra Times

ACT top public servant weighed up referral of Campbell Primary procurement

A 2021 review also found 'significant probity concerns'.

The Canberra Times

Commissioner told to make finding on whether public servant, staffer acted corruptly

Council assisting says one official engaged in corrupt conduct.

The Canberra Times

Watchdog witness finds new evidence while looking for Christmas decorations

Notes detail meetings between senior officials, minister's office.

The Canberra Times

Counsel assisting Integrity Commission raises possibility of adverse findings

Hearings into the Campbell school procurement are being held.

The Canberra Times

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Evening Standard

£41million walking and cycling 'bendy bridge' to Elizabeth line station under review

Cash-strapped council to rethink plan to spend £13.2m subsidising bridge across Royal Victoria Dock

The Guardian - UK

Major Birmingham redevelopment plans fail residents on green space, campaigners say

Plans for the £1.9bn Smithfield scheme include a park that is smaller than a football pitch, falling short of the council’s own guidelines

Top News

Lendlease Focuses On Local Growth, Exits Offshore Markets

Lendlease Group restructures to exit offshore markets and focus on Australian growth opportunities for enhanced operational efficiency and market presence.

AAP

Lendlease goes local with $4.5b foreign asset sell-off

Property giant Lendlease is giving up its global ambitions and refocusing on the Australian market.

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AAP

Australian shares rebound, snap four-day losing streak

The ASX200 finished 0.8 per cent higher, with every sector in the green except for utilities.

The Canberra Times

Education boss launched legal action to end integrity investigation

Katy Haire sues Integrity Commissioner over 'apprehended bias'.

AAP

Australian shares finish flat as federal budget looms

The ASX200 finished basically unchanged on the eve of the federal budget and ahead of a readout on US inflation later in the week.

The Guardian - AU

Australian War Memorial kept ministers in the dark on contracts for $550m redevelopment, audit finds

In two cases, contracts were split to avoid triggering $1m threshold for ministerial approval, the Australian National Audit Office says

The Guardian - UK

‘We’re being ripped off’: England’s ‘affordable-housing’ residents who are being priced out of their own homes

Service charges for shared-ownership houses have rocketed, leaving many unable to pay. We hear their stories

AAP

Miners, banks give Australian bourse a little boost

The local stock market has finished up 0.1 per cent, as gains for BHP, Rio Tinto, Fortescue and the banks outweighed a big fall for Lendlease stock.

AAP

How asking a recruit's past salary entrenches pay gap

Employers asking recruits what they currently earn to determine their salaries can reinforce the gender pay gap, business leaders have been told.

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