Building firm hit by Wembley losses

Wembley Stadium construction firm Multiplex posted “very disappointing” results today as it counted the cost of problems on the flagship project.

The group made substantial losses on the football stadium as the Australian firm’s construction division revealed a full-year deficit of AUS$62m (€38.4m), compared with profits of AUS$73.2m (€45.4m) in 2004.