Atkins wins Cardiff signalling renewal contract
Atkins, the FTSE 250 engineering firm, has won the signalling and power and distribution contracts for the Cardiff Area Signalling Renewal project.
Atkins, the FTSE 250 engineering firm, has won the signalling and power and distribution contracts for the Cardiff Area Signalling Renewal project.
Network Rail has set Atkins a target of delivery by 2015, in return the company expects to receive revenues of £64m.
Atkins will design and implement the replacement of signalling and power equipment across 192 miles of track between Newport and Port Talbot, covering the Vale of Glamorgan and Valleys areas.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Professor Dr Uwe Krueger, Atkins' Chief Executive officer, said: "This is another important success for our UK business and is a further sign of Network Rail's confidence in our rail team."
Atkins shares have risen 7.7% so far this year.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Nationwide Building Society launches £175 switching deal – who is eligible?
Nationwide Building Society has launched a new current account switching deal. We look at whether you are eligible, and how to get the free cash.
-
Barclays launches £500 cashback offer for ISAs - but there's a catch. Here's how it works
Barclays is looking to attract savers to its cash ISA range but you need a lot of money to get the full reward