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Lend Lease chairman steps down
04 September, 2008Lend Lease Europe chairman, Nigel Hugill, is said to be leaving his position with the company.
Lend Lease Europe chairman, Nigel Hugill, is said to be leaving his position with the company.
Mr Hugill, who joined the construction firm in 2005, will not be replaced, but rather the company have been quick to remind the press and investors that Mr Hugill was employed originally for a specific purpose, and that he has completed the tasks he brought in for.
A spokeswoman for the company explained: "Nigel joined the business to do a very specific role three years ago and he feels he has fulfilled that role and he wants to look for future opportunities."
Moving from the company while its work on the Olympic site is underway and on target, Mr Hugill has explained that it is the right time for him to move.
"The scale and quality of the development pipeline and the pace at which we have been able to team build exceeds any realistic expectations," he said.
"The delivery at Stratford [Athletes' Village] is absolutely on track and in the best of hands. It is the right time to seek new opportunities," he added.
The long, drawn-out sale of British Energy (BE) to EDF Energy has come to an end after the French energy firm bought BE for £12.5 billion, it has been reported.
Government hopes to have an EDF Energy-British Energy (BE) tie up within two weeks have been dubbed "optimistic" by the British nuclear company, according to a recent report.
Gordon Brown is facing the prospect of a major defeat over the government's reluctance to impose a windfall tax on energy companies, it has been reported.
The City of London has launched a campaign against Gordon Brown in order to convince him that introducing a windfall tax on energy companies should be avoided.
TaylorWimpey has reported phenomenally poor first half results for the year so far, recording a loss of £1.5 billion, it has been announced.