Costain 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
Read moreCostain clinches 34m pound A160 upgrade
19th Jul 2013 08:29
Costain has won a 34m pound contract from the Highways Agency to upgrade the A160 to provide better access to the Port of Immingham in Lincolnshire. It is an "early contractor involvement" contract and the British engineering and construction group will be responsible for the design, development an
Read moreCostain order book growth alleviates May Gurney disappointment
27th Jun 2013 09:02
Engineer Costain reassured that it remained on track to meet full year expectations, with its order book swelling by over a fifth. The company's pre-close interim update allayed fears its progress might have been temporarily derailed by the disappointment of being defeated in a bidding war for May
Read moreTuesday tips round-up: Costain, AMEC, James Fisher & Sons'
4th Jun 2013 07:42
Costain, the go-to infrastructure builder in the capital, has done well to tie its future to that of big customers, but so far it has failed in its stated goal of breaking out of low-margin construction. Likewise, it continues to be almost wholly focused on the UK - which, relative to other regions,
Read moreLondon midday: Losses pared after UK, Eurozone manufacturing data
3rd Jun 2013 11:42
Disappointing factory activity in China prompted sharp falls in early trading on Monday, though losses were pared by lunchtime after some better-than-expected manufacturing figures closer to home. The FTSE 100 sunk to an intraday low of 6,512 early on, falling to levels not seen since the start of
Read moreLondon open: Stocks sink after Chinese manufacturing figures
3rd Jun 2013 08:27
A disappointing reading of Chinese manufacturing activity combined with the realisation that US stimulus may soon be trimmed weighed heavily on market sentiment on Monday morning. The FTSE 100 sunk by nearly one per cent early on, falling to levels not seen since the start of May, following sharp f
Read moreCostain wins Hammersmith Flyover contract
3rd Jun 2013 07:34
UK engineering and construction firm Costain said it has been awarded one of four places on Transport for London's framework for Early Contractor Involvement and Construction, initially worth 200m pounds overall. Costain said it is working on its first project within this framework: the Hammersmith
Read moreSector movers: Construction stocks gain after US housing data
28th May 2013 15:36
Ongoing improvement in the US housing sector - as evidenced by some strong American home-price data on Tuesday - prompted a sharp rise in the construction and materials sector in London. The S&P/Case-Shiller 20-City Composite Home Price Index, which monitors prices in 20 major cities across the Sta
Read moreLondon midday: Stocks flat as ECB rate cut speculation ramps up
24th Apr 2013 11:49
Stocks had trimmed gains and were trading broadly flat by Wednesday lunchtime as markets gave a mixed reaction to weak economic data from Germany with traders guessing at whether the figures will prompt the European Central Bank (ECB) to cut interest rates. However, the cautious mood on market this
Read moreLondon open: Markets extend gains as financial stocks rise
24th Apr 2013 08:20
Strong gains for financial stocks ensured that the FTSE 100 was firmly in positive territory on Wednesday morning, while growing speculation of a rate cut in Europe lifted sentiment. London's benchmark index surged by 2.0% on Tuesday as disappointing purchasing managers' indices from the Eurozone s
Read moreKier trumps Costain's bid for May Gurney
24th Apr 2013 07:22
Construction, services and property firm Kier Group has trumped Costain in its bid for smaller peer May Gurney, scuppering plans to merge the two latter companies together. Kier said on Wednesday that it had reached an agreement on the terms of a recommended offer for May Gurney which values the c
Read moreKier and Costain butt heads over May Gurney bid
27th Mar 2013 13:47
FTSE 250-listed construction, services and property group Kier Group has signalled its possible interest in acquiring AIM-listed May Gurney Integrated Services just hours after the latter and UK engineering company Costain published details of a proposed all-share merger. Kier Group said that it ha
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