Costain appoints new chief financial officer

Smart infrastructure solutions company Costain has appointed Helen Willis to its board as chief financial officer with effect from November 30.

Published 20 November 2020

Problem contracts continue to hamper Costain

Costain slumped to a pre-tax loss of £92.3 million during the first half of this year following problems with a National Grid project in the East Midlands and a road building job in Wales.

Published 15 September 2020

Rising audit fees hit contractors

The accountancy failures surrounding the collapse of Carillion are costing other firms with government contracts millions of pounds in annual audit fees.

Published 3 September 2020

Sue Kershaw joins Costain as transportation MD

Sue Kershaw has joined Costain as managing director of its transportation division where she will be responsible for the highways, rail and aviation sectors.

Published 26 March 2020

Unfavourable arbitration ruling hits profits at Costain

The outcome of an arbitration case over a motorway project has seen Costain issue a new £20 million profit warning.

Published 12 December 2019

Seddon and five Kier companies suspended from payment code

Five Kier companies and Seddon Construction are among 20 firms to have been suspended from the Prompt Payment Code for failing to pay suppliers on time.

Published 4 November 2019

Arbitration ruling hits Costain bottom line

Smart infrastructure solutions company Costain said it remains on course to deliver a full year performance in line with its revised expectations despite a plunge in first half profits.

Published 22 August 2019

Contract delays and cancellation to hit profits at Costain

Costain has revealed that its half-year results will be lower than expected due to a number of delays and a cancelled project.

Published 1 July 2019

Blacklisted workers secure £1.9m legal settlement

A long running case against seven large construction companies who blacklisted workers has been settled with a £1.9 million compensation agreement.

Published 14 May 2019

Costain hires experienced project director to Aberdeen operation

Infrastructure solutions company Costain has appointed Steve Carter as a project director in Aberdeen.

Published 18 April 2019

Costain unveils CEO succession plan and strong set of results

Andrew Wyllie CBE is to leave Costain after 14 years as CEO of the company.

Published 6 March 2019

Costain on course to deliver full year results in line with expectations

Costain has announced a “strong” performance for the first half of the year and remains on track to deliver the full year in line with expectations, the firm said today.

Published 22 August 2018

‘Smart’ changes boost profits at Costain by 18%

Costain’s ongoing transformation into a “smart infrastructure solutions company” is continuing to pay dividends after the firm reported another strong performance with an 18% increase in underlying operating profit to £49 million.

Published 1 March 2018

Move towards ‘smart infrastructure solutions’ keeps Costain on track

Costain is on course to deliver results in line with the Board’s expectations thanks to several new contract wins, the firm said today.

Published 4 January 2018

Milestone reached on £100m Shieldhall Tunnel project

A milestone has been reached on a £100 million Shieldhall Tunnel project in Glasgow.

Published 16 October 2017