Costain launches £10m share buyback as profit and backlog jumps August 21, 2024 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 [...]
Former HS2 boss earned over £650,000 in final year July 29, 2024 Mark Thurston was the embattled project's longest serving chief executive before he announced his resignation in September.
HS2: Cancelling northern leg will cost £100m – and make everything worse July 23, 2024 The total cost of completing High Speed Two (HS2) could reach nearly £60bn, according to the National Audit Office.
HS2 back in the spotlight amid job cuts and Euston woes July 21, 2024 Louise Haigh announced on Thursday there would be an early review into the future of the embattled project's Euston terminus.
HS2 investigating possible misconduct tied to ‘serious’ data breach July 18, 2024 HS2 has launched a formal investigation into allegations of gross misconduct tied to a "serious" data breach earlier in the year, City A.M. understands.
HS2 plans sweeping job cuts and major restructuring as it battles soaring costs July 18, 2024 HS2 Ltd, the private company overseeing the delivery of the high-speed railway line, is planning a sweeping round of job cuts and major restructuring as the embattled project's scope narrows following the cancellation of the northern leg.
King’s Speech: Starmer will not U-turn on HS2 cancellation July 17, 2024 Labour will seek to improve east to west connectivity across the north of England by other means than bringing back HS2's northern leg.
Mike Ashley’s Frasers Group hires former HS2 and HMRC boss June 3, 2024 Mike Ashley's retail empire Frasers Group has joined the former chair of HS2 and CEO of HMRC to its board.
HS2: Cancelling London Euston section would pile pressure on Elizabeth Line, advisers warn May 16, 2024 Cancelling the Euston section of HS2 would put too much reliance on the Elizabeth Line, government advisers have warned.
‘A sticking plaster’: TfL’s £250m funding deal will not enhance London transport, government advisers warn May 16, 2024 The TfL funding settlement is a "sticking plaster" and will not enhance London's transport network, the National Infrastructure Commission has said.