Costain narrows FY pre-tax losses
9th Mar 2022 08:22
(Sharecast News) - Construction company Costain said on Wednesday that it had narrowed pre-tax losses in 2021 as long-time problem jobs were purged from its books and the firm's contract bidding and delivery processes were overhauled.
Read moreCostain trading in line, hails strong H1 cash performance
15th Jul 2021 09:36
(Sharecast News) - Infrastructure specialist Costain said on Thursday that trading was in line with its expectations as it hailed a strong cash performance in the first half.
Read moreTrading on track at Costain as it targets full-year profit growth
6th May 2021 11:03
(Sharecast News) - Costain remains on track to deliver full-year profit growth in 2021, the infrastructure specialist said on Thursday.
Read moreBabcock looking to offload rail business - report
4th May 2021 11:21
(Sharecast News) - Babcock International is preparing the sale of its rail business, it was reported on Tuesday, the opening salvo in a company-wide divestment programme.
Read moreChallenging year pushes Costain deeper into the red
16th Mar 2021 14:36
(Sharecast News) - Costain called 2020 an "exceptionally challenging" year on Tuesday, after the infrastructure specialist tumbled to a near £100m loss.
Read moreCostain settles dispute over Welsh motorway
17th Feb 2021 08:39
(Sharecast News) - Costain has agreed a settlement with the Welsh government over their long-running dispute about the troubled A465 motorway project.
Read moreUnderlying trading at Costain remains profitable
5th Jan 2021 09:02
(Sharecast News) - Construction engineering company Costain said on Tuesday that it had continued to operate productively, with effective safety measures in place across all contracts.
Read moreCostain appoints former De La Rue CFO Helen Willis to the same role
20th Nov 2020 08:32
(Sharecast News) - Costain has appointed Helen Willis as its new chief financial officer with effect from 30 November.
Read moreCostain pushed to a loss by Welsh contract blow
14th Sep 2020 10:37
(Sharecast News) - Costain has fallen into the red after taking nearly £100m of charges relating to two long-standing contracts, the infrastructure construction specialist said on Monday.
Read moreThursday broker round-up
3rd Sep 2020 13:36
(Sharecast News) - CMC Markets: Peel Hunt upgrades to buy with a target price of 380.0p.
Read moreCostain shares tumble as ruling in A465 arbitration comes in against firm
3rd Sep 2020 09:15
(Sharecast News) - Shares in construction and engineering company Costain tumbled on Thursday after announcing it would take a £45.0m hit to revenues after an arbitration ruling regarding the hotly disputed A465 Heads of the Valley road contract came in against the firm.
Read moreMonday broker round-up
29th Jun 2020 13:45
(Sharecast News) - Balfour Beatty: Jefferies downgrades to hold with a target price of 260.0p.
Read moreCostain walks away from National Grid contract
29th Jun 2020 09:32
(Sharecast News) - Infrastructure solutions group Costain said on Monday that both it and National Grid had mutually agreed to terminate a contract between the pair.
Read moreCostain back on site as coronavirus lockdown eases
19th Jun 2020 10:11
(Sharecast News) - Builder Costain said on Friday it was now back working on site across most of its operations, but cautioned the ongoing implications and impact of Covid-19 remained "uncertain".
Read moreCostain completes £100m fundraising
28th May 2020 11:45
(Sharecast News) - Costain has completed a £100m fundraising to strengthen its balance sheet and take up growth opportunities.
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