City of London’s ‘Can of Ham’ tower to be new HQ for infrastructure firm Costain Property Engineering firm Costain is moving its headquarters from Maidenhead to the City of London.
Costain’s shares plummet after it announces whopping £53.5m National Grid payment MONEY TALKS Costain's shares dropped 7.64 per cent after it announced an eye-watering £53.5m payment after a dispute over a gas station contract with National Grid.
Former Natwest fraud chief left after moonlighting for law firm that brings scam victim claims Banking Natwest’s former head of fraud prevention quietly left his role earlier this year after the group found out he was moonlighting at a law firm specialising in bringing scam victim claims against banks.
Costain swings to £96m loss in ‘exceptionally challenging’ year during pandemic March 16, 2021 Infrastructure firm Costain has swung to a loss of almost £100m as it struggled through an “exceptionally challenging year” during the pandemic. The group posted a statutory reported loss before tax of £96.1m for the 12 months to 30 December, down from a profit of £6.6m in 2019. The figure included significant sums from two [...]
Costain’s activity levels stabilise after pandemic impact June 19, 2020 British construction firm Costain has said overall activity levels have now stabilised, after the firm’s London projects ground to a halt during lockdown. Costain’s performance was hampered by the coronavirus pandemic with major projects, amounting to a third of operating revenue suspended. On-site activities in London were more significantly impacted during lockdown, as the firm [...]
Costain swings to a loss after £95m problem contract hit September 14, 2020 Infrastructure firm Costain swung to a loss after taking a £95m hit on two problem contracts, it announced this morning. The figures Costain reported a loss before tax of £92.3m in the first half of the year, compared to profit of £8.4m last year. Revenue also dropped from £594.1m to £459.9m during the period. The [...]
HS2’s £1.2bn London Euston project pause confirmed, but length of delay unclear April 18, 2023 A delay on constructing a 7.2km HS2 tunnel to Euston until 2024 has been confirmed, with the project’s final shape remaining unclear. Both the DfT and HS2 did not disclose how long the delay would be for, when approached by City AM. The government has delayed the development between Euston and Old Oak Common due [...]
Home working ‘slowing down’ all UK infrastructure projects, watchdog warns November 14, 2023 Working from home is "slowing down all infrastructure projects" in the UK, a key industry figure warned today.
Costain shares crash as firm hits up investors for £100m March 11, 2020 Shares in engineering firm Costain plummeted 34 per cent today as it revealed plans to launch a £100m fund raise to bolster its balance sheet. Costain’s stock slumped to 104.8p after the announcement, which came off the back of a £6.6m loss before tax in 2019 – compared to a £40.2m profit in 2018. The [...]
Costain secures £3.3bn HS2 contract that could create 6,000 jobs April 15, 2020 Engineering firm Costain has won a £3.3bn contract to design and build the tunnels connecting the HS2 railway to London Euston station. This initial phase of the High-Speed Two (HS2) railway project, which controversially got the go-ahead from government in February, will create 6,000 jobs, Costain said. Costain’s share price surged 23 per cent to [...]