The company that turned Grenfell Tower into a deathtrap reports profits up 50% and anticipates no downside from the disaster

mostlysignssomeportents:

The fire in Grenfell Tower had many causes: Tory MPs protecting their rental incomes by voting down basic tenant safety; the Conservative Party’s campaign against “safety culture”;
but much of the blood is on the hands of Rydon, the contractor who
sheathed the tower in the highly flammable cladding – and came out on
top, winning the contract to undo their work on other towers that had been similarly clad.

Indeed, Rydon has had a banner year: its profits are up 50%, and it has
given its highest-paid director an 8% pay rise, topping them up to a
cool £459K/year. What’s more, Rydon’s mandatory investor disclosures
indicate that the company anticipates no downside at all from the fire,
apparently believing that the lawsuits that Grenfell’s survivors have
promised will come to nothing.

https://boingboing.net/2018/03/08/blazing-profits.html

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