MULTIPLEX has ruled itself out of the running to build the main stadium for London's 2012 Olympic Games.
The company is already set to lose nearly £50 million on its troubled scheme to build the new Wembley stadium in north London.
A company spokesman said: 'We will not be bidding for the Olympic stadium.' Industry sources said last week that only three contractors were in with a realistic chance of taking the deal, which comes with an estimated £250 million price-tag: Sir Robert McAlpine, Laing O'Rourke and Taylor Woodrow.
The source, who works for one of the three, said: 'It is very hard to look beyond those three for the shortlist, and you'd have to say that of the three, Laing O'Rourke would start as the favourite.'