Costain launches £10m share buyback as profit and backlog jumps Business Engineering firm Costain has kicked off a £10m share buyback after it revealed a set of strong results this morning. In its half-year results, the company revealed that adjusted operating profit had jumped 8.7 per cent to £16.3m, thanks to an increased operating margin at its transportation arm and increased revenue at its natural resources [...]
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 chief: Super sewer-style PFIs would power up UK infrastructure Business The approach at the Thames Tideway Tunnel echoes the old Labour government's private finance initiatives (PFIs).
Costain’s shares plummet after it announces whopping £53.5m National Grid payment December 13, 2021 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 November 21, 2023 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 [...]
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 [...]
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 [...]
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.