Friday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreCostain announces 75m pound placing, hitting its shares
27th Feb 2014 08:03
Civil engineer Costain boosted annual underlying operating profit by 12 per cent but unveiled a 75m pound capital raising, hitting its shares. Costain said underlying operating profit in the year to December 31st rose 12% to £27.4m on an increase in revenue to £960m from £934.5m. Reported pre-tax p
Read moreBabcock-Costain JV with Alstom to work on UK rail electrification programme
12th Feb 2014 11:05
ABC Electrification, the joint venture between UK engineering groups Babcock and Costain and French transport firm Alstom, has been appointed to Network Rail's two billion-pound National Electrification Programme. ABC will be one of the four suppliers to help Network Rail to electrify more than two
Read moreCostain names Alison Wood to head remuneration committee
28th Jan 2014 15:14
Construction and materials group Costain announced the appointment of Alison Wood, the former National Grid Global Director of Strategy and Corporate Development, as its newest Non-Executive Director. Wood, who will take up the role at the start of February, has also spent nearly 20 years working
Read moreWednesday newspaper tips: Topps Tiles, Costain
8th Jan 2014 08:33
Tile and wooden flooring specialist Topps Tiles on Wednesday unveiled a sharp 9.3 per cent rise in like-for-like sales for the first quarter. Not only that, the company's statement shows that the pace of sales has been accelerating, hitting roughly an 11.2 per cent clip in the last four weeks of the
Read moreCostain on target for full-year
7th Jan 2014 07:37
- Expects to meet full-year targets - Finishes year with strong order book - In excess of 750m pounds of work secured for 2014 Civil engineering group Costain said it has continued to perform strongly and expects to deliver a full-year result in line with company expectations. The solutions provi
Read moreCostain wins 100m-pound UK road deal
19th Dec 2013 07:37
Civil engineering group Costain has won a 100m-pound deal to build a major road link in north-west England. Costain secured the contract from Lancashire County Council to construct a dual carriageway between the M6 motorway and Heysham and the Morecambe peninsula. The award follows a three-year Ea
Read moreLondon pre-open: Markets to pull back after strong surge
17th Dec 2013 07:30
Markets are expected to open in the red on Tuesday morning after a strong surge the day before as investors turn cautious ahead of US inflation figures out later on. City sources predict the FTSE 100 will open down 18 points from Monday's close of 6,522.2, as stocks pull back after a 1.3% jump the
Read moreCostain wins 60m-pound rail deal
17th Dec 2013 07:01
Construction group Costain has won a five-year 60m-pound deal to repair bridges and stations for UK rail infrastructure provider Network Rail. The so-called framework contract involves civil engineering, track construction, power delivery, signalling, and mechanical and electrical works. Schemes w
Read moreCostain Group awarded contract with Crossrail
25th Nov 2013 07:51
Costain, the engineering solutions provider, has been awarded a contract by Crossrail to construct Paddington New Yard, between Crossrail's tunnels and the Great Western railway. This is the eleventh Crossrail contract with which Costain has been involved and is worth approximately £30m to the gro
Read moreSector movers: CRH lifts construction and material stocks higher
12th Nov 2013 15:48
Construction and material stocks were making gains on Tuesday, helped by a good performance from Irish firm CRH after a decent turnaround in the third quarter. The FTSE 100-listed building materials stock was trading 3.4% higher at 1,613p before the close of trade after reporting that like-for-like
Read moreCostain wins deal on UK's new nuclear power station
21st Oct 2013 07:04
Civil engineering group Costain has won a contract from France's EDF to help build the UK's first new nuclear power station for a generation. Costain said it had finalised a deal to design and build the water cooling systems for the new Hinkley Point C nuclear power station in Somerset. The group
Read moreFriday broker round-up UPDATE
23rd Aug 2013 08:04
Afren: Canaccord Genuity cuts target price from 220p to 190p, while leaving its buy recommendation unaltered. AVEVA Group: Liberum Capital initiates with a target price of 2350p and a hold recommendation. Carillion: Numis reduces target price from 350p to 315p, while its hold recommendation remain
Read moreSurge in forward orders at Costain
22nd Aug 2013 08:29
UK engineering and construction firm Costain posted an increase in underlying operating profit, delivered a 20 per cent increase in its forward order book and boosted it dividend payment. The group, which provides engineering solutions and consulting said operating profit rose to £10.7m in the half
Read moreThursday preview: IMI hoping for a strong second half
21st Aug 2013 15:01
Engineering firm IMI will hope that its impressive share-price- performance will continue on Thursday when it reports its first-half results. The company, which is focused on the control and movement of fluids in critical applications, has seen its stock rise a solid 28% since the start of 2013, re
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