Costain to merge with May Gurney
27th Mar 2013 09:58
UK construction company Costain is to buy infrastructure and maintenance firm May Gurney for about 177m pounds in an all share deal. The merger will create a combined infrastructure group with a market capitalisation of £378m and sales of £1.6bn a year, the companies announced Wednesday. Each May
Read moreSector movers: Construction stocks gain after Budget
20th Mar 2013 13:35
Stocks in the construction and materials sector were making decent gains on Wednesday in the aftermath of Chancellor George Osborne's Budget statement which included a number of measures to kick-start infrastructure and home-buying activity. Speaking to packed House of Commons, Osborne said that th
Read moreCostain wins Crossrail contract for works on London's Bond Street station
18th Feb 2013 09:18
Engineering group Costain has scored a 110m pound contract from Crossrail to construct the main works at London's Bond Street station. In a joint venture with Skanska, the two will work on the platform fit-out and mechanical and electrical services for the Western Ticket Hall in Davies Street and t
Read moreCostain positive on year ahead
4th Jan 2013 07:35
Engineering group Costain said its full year results would come in in line with expectations when it reports in March. As a result of new orders and contract extensions the group finished the year with an order book of £2.4bn - just off the £2.5bn at the end of 2011 - of which over 90% is repeat or
Read moreCostain bags three highways contracts
12th Nov 2012 14:54
Engineering group Costain said it had secured three additional highways contracts worth a minimum of 15 million pounds. The first, a four-year technology contract, is for the maintenance of Road Network Communications and Tunnel Systems across Wales and worth around £15m. It involves routine maint
Read moreWednesday tips round-up: Babcock International, Costain and DS Smith
7th Nov 2012 06:49
Tempus in The Times writes that there are signs now, from Babcock International's halfway figures and the outlook for the next year or so, that orders are coming through as local authorities and central government seek ways to cut spending by having work done more cheaply by the private sector. Babc
Read moreBalfour and Costain win contract at Magnox nuclear plant
6th Sep 2012 07:21
FTSE 250 infrastructure group Balfour Beatty and AIM-listed Costain have been selected for a contract to work on the decommissioning of the Magnox nuclear power plant by the Nuclear Decommissioning Authority (NDA). The £288m framework contract, for the delivery of construction, infrastructure and m
Read moreCostain engineers profits in first half
23rd Aug 2012 10:19
Engineering firm Costain posted a rise in revenues and profits in the first half, helped by a strong showing in its infrastructure business. Revenue was up 2% on the previous year to £477.9m, while profits rose over 50% to £15.4m. Revenue in the firm's Infrastructure division during the period was
Read moreCostain wins two new contracts
3rd Aug 2012 09:33
The engineering firm Costain took the high road on Friday morning after reporting two contract wins. The first is worth £102m, split equally between joint venture partners Costain, Lagan Construction and Ferrovial Agroman, for the design and construction of the A8 dual carriageway, connecting Belfa
Read moreSevern Trent forms joint venture with Costain
28th Jun 2012 07:23
FTSE 100 water firm Severn Trent and engineering company Costain have announced a joint venture to provide business water and wastewater management services to high volume commercial users. The new entity, Severn Trent Costain, will offer large multi-site water users a single expert supplier for al
Read moreCostain full year to be in line with expectations
28th Jun 2012 07:12
Engineering group Costain said it performed strongly over the first half and is on track to deliver full year results in line with company expectations. It said during the first half, it continued to secure significant new awards and extensions to existing contracts, "as a result of focussing on bl
Read moreSmall cap round-up: NetDimensions, Blinx, Costain
20th Jun 2012 10:14
AIM-listed NetDimensions fell on Wednesday despite announcing it had done a deal to provide talent management software to Metersbonwe, mainland China's largest casual wear company. Metersbonwe will implement NetDimensions' Talent Suite software to address the increased training and talent management
Read moreGalliford to upgrade Liverpool water treatment
11th Jun 2012 07:28
Construction group Galliford Try said it was part of a joint venture that had won a 180m pound waste water contract. The contract to upgrade and extend Liverpool Waste Water Treatment Works was awarded by United Utilities Group to a team which also includes Costain Group and Atkins (WS). The proje
Read moreCostain makes solid start to 2012
9th May 2012 11:25
Engineering solutions provider Costain has said it is on target to meet its full-year guidance after performing well in the year-to-date, following a strong performance in 2011. The firm said that is has undergone "significant and ongoing transformation" as a result of the implementation of its str
Read moreCostain on course to double profits
7th Mar 2012 08:02
Engineering solution provider Costain revealed a 38% jump in full year adjusted operating profit, increased its order book and said it was on course to double profits in the medium-term. Adjusted profit rose to £24.1m for the year ended 31 December 2011 from £17.4m a year earlier. Adjusted pre-tax
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