Marshalls forecasts better-than-expected results
5th Nov 2014 09:03
Landscaping and paving group Marshalls cheered investors with a forecast of better-than-expected profits as the UK construction market recovered. Marshalls, which supplies building products to householders as well as local councils and private firms, said revenue rose 18% to to £312m in the 10 month
Read moreCostain reports record order book in first half
21st Aug 2014 07:57
Engineering group Costain said first half orders hit a record £3.2bn, as the group improved most of its financial measures in the six months to 30 June. First-half revenues increased to £529m from £462.9m a year earlier, largely thanks to a number of new contracts won in the first half. The new d
Read moreCostain wins £30m UK gas terminal upgrade deal
29th Jul 2014 08:49
Engineering and construction group Costain has won a £30m deal to help upgrade a gas terminal on Britain's east coast. Independent oil & gas company Perenco has appointed Costain to provide engineering, procurement and construction services for the environmental upgrade of the Dimlington gas termin
Read moreCarillion wins NHS and motorway upgrade contracts
19th Jun 2014 07:36
Carillion announced on Thursday the signing of two large contracts, including a £200m deal to provide support services for the Nottingham University Hospitals NHS Trust. After revealing in March that it had been selected as preferred bidder for the contract, the company said it has now been signed
Read moreBalfour Beatty wins £184m contract to upgrade M60 and M62
19th Jun 2014 07:15
Infrastructure group Balfour Beatty has won a £184m contract to upgrade a 17-mile stretch of the M60 and M62 motorways around Manchester. The 'smart motorway' upgrade, for the Highways Agency, is expected to increase capacity, reduce congestion and shorten journey times for motorists along the Manc
Read moreCostain awarded further contract with Centrica Energy at Barrow
9th Jun 2014 07:50
Costain Group, which provides engineering consultancy, construction and maintenance services, has landed a contract with Centrica Energy for the provision of Engineering Procurement and Construction (EPC) services on its Barrow Gas Terminals Project. The deal follows the Front End Engineering Desig
Read moreCostain begins 2014 well, with record orders
7th May 2014 08:20
Engineer and builder Costain has racked up record orders and started its new financial year well, the group said on Wednesday. Costain said contract awards and extensions had boosted its forward order book to a new high of £3.2bn from £3bn at the end of December, of which more than 90% was from rep
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreCostain appointed to three transmission frameworks with National Grid
25th Mar 2014 08:21
Engineering group Costain has been appointed to three transmission frameworks with National Grid to provide a broad range of services, including front end engineering design, programme management, and construction. The agreements, which begin immediately, include installing new overhead lines as pa
Read moreCostain completes capital raising
17th Mar 2014 16:03
Costain Group has placed 13.45m new shares at 225p each and issued 8.82m shares via an open offer. A further 11.11 shares were issued under a firm placing. The capital raising was carried out to generate funds that will allow the group to take advantage of "the opportunities in its chosen market
Read moreLondon midday: Stocks near one-month low on China, Ukraine fears
12th Mar 2014 12:00
- Chinese concerns hammer copper prices - Ex-div stocks falls - Prudential gains, G4S slumps - Poundland, Pets at Home in focus techMARK 2,825.81 -0.90% FTSE 100 6,629.89 -0.83% FTSE 250 16,372.49 -0.66% Fears surrounding a slowdown in China and ongoing concerns about Ukraine weighed heavily on st
Read moreLondon open: Markets fall on China concerns, ex-div stocks weigh
12th Mar 2014 08:29
- Chinese concerns hammer copper prices - Ex-div stocks weigh on markets - Poundland, Pets at Home in focus - Prudential gains, G4S slumps techMARK 2,837.07 -0.51% FTSE 100 6,637.18 -0.72% FTSE 250 16,390.10 -0.55% UK stocks opened with heavy losses on Wednesday as ongoing concerns surrounding Chi
Read moreSector movers: Tyman results give construction stocks a lift
11th Mar 2014 15:20
Building products firm Tyman gave the construction and materials sector a big boost on Tuesday after the company impressed with its 2013 results. Tyman hiked its dividend by a third after it swung to a profit last year, helped by the acquisition of Truth Hardware and improving construction markets
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreCostain wins 150m pound Crossrail deal
10th Mar 2014 08:13
Engineering and construction company Costain has won a 150m pound deal to build a branch of London's Crossrail project. Costain said Network Rail (NR) had handed it the Crossrail North East Spur contract to build infrastructure and stations between Stratford in east London and Shenfield in Essex.
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