When Grenfell resident Ed Daffarn first heard about the multimillion pound refurbishment of the tower, he welcomed it. The estate had, in his view, become increasingly run down in recent years.

Downer will continue to focus on revenue quality and targets ongoing improvement in EBITA margin toward a level of more than 4.5%. We increase our midcycle EBITA margin forecast to 4.7% from 4.5%, key ...