Multiplex has warned that final losses at Wembley will be much higher than earlier predictions.

Multiplex has warned that it faces further losses at Wembley. The Australian contractor said that losses would be “substantially adverse” from previous indications.

In a statement Multiplex said final losses would depend partly on final steel costs and the negotiation of “numerous subcontractor claims”.

Multiplex said that it planned to complete Wembley in time for the 2006 FA Cup Final in May.

It said it would start handing over parts of the stadium from January 31 2006.