Tuesday, 13 March 2018

Grenfell Builder Rydon's Profit Soars Despite Deadly Fire

Rydon Group, the company responsible for the refurbishment of Grenfell Tower in London where at least 71 people died in a fire last June, said its profits jumped 50 percent to 19 million pounds last year, helped by an increase in sales. The privately-owned company said in its accounts that it had considered its position in respect of the disaster and did not see a reason to make a financial provision for potential losses or expenses. Rydon was the main contractor responsible for a 2014-2016 refurbishment that included the application of cladding on the outside of the high rise building which government ministers said did not comply with regulations. Read more on the Reuters website.

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