Costain wins two new contracts
The engineering firm Costain took the high road on Friday morning after reporting two contract wins.
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 Belfast to Larne in Northern Ireland.
Separately, Costain has also been appointed as preferred bidder by Severn Trent Water to replace its largest covered service reservoir at Fritchley, Derbyshire, in a project worth around £27m.
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
A planning application has been submitted and is currently under consideration by the local planning authority. Once approved, work is due to begin on site in January 2013 for four years, with some early enabling works taking place in the coming months.
The stock had gained 3.3% by 8:33.
NR
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.
-
Top 10 locations for buyers and renters revealedLondon is crowned as the most popular location for renters and buyers, despite rising costs. But where else are house hunters heading to?
-
Making financial gifts to loved ones? Write it down or risk giving an IHT bill tooGiving gifts can be a way to pass on wealth and reduce the inheritance tax bill on your estate but do it wrong and you could leave family and friends more than they bargained for.
