Lendlease puts construction arm up for sale

Lendlease is pulling out of the UK and selling its construction business in a radical strategic business overhaul to focus on its home Australian market.
The firm expects to offload its UK construction arm within the next 18 months and said it was already well advanced on plans to sell the US construction operation.
The plan to simplify and restructure the global development and construction business comes after a disappointing four years which has seen Lendlease’s stock fall by around hal