Costain News, Contracts and Projects | Construction News

Costain to move to London HQ

Will Ing — Wed, 28 Feb 2024 10:07:25 +0000

Costain is moving its headquarters from Maidenhead in Berkshire to the City of London. The UK’s fifth-largest publicly listed contractor is set to take over the seventh floor of the Mace-built ‘Can of Ham’ building at 70 St Mary Axe. The 1,600 square metre office…

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10 companies to watch in 2024

Ian Weinfass — Wed, 03 Jan 2024 11:00:10 +0000

Which companies are likely to have the biggest impact on the industry in the year ahead? ISG In November, ISG felt moved to issue a statement denying “unsubstantiated, wholly inaccurate and false claims” about its financial health”. However, it did not elaborate on the nature…

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Costain hires former Amey boss

Will Ing — Tue, 17 Oct 2023 10:19:09 +0000

Costain has hired two non-executive directors, including the former chief executive of Amey. Steve Mogford and Amanda Fisher are set to join Costain’s board on 1 November and 1 December respectively, and will serve as members of the contractor’s audit, nomination and remuneration committees. Fisher…

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Costain transport lead departs

Kerry Lorimer — Tue, 03 Oct 2023 14:00:12 +0000

The managing director of Costain’s transport division, Sue Kershaw, is leaving the company after almost four years. The post, which involves responsibility for the firm’s highways, rail and aviation work, will be taken over by group commercial director David Taylor on an interim basis until…

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Costain wins £80m water-quality works

Ian Weinfass — Mon, 18 Sep 2023 08:37:24 +0000

Costain has landed a £79.8m package of works to improve wastewater quality and protect wildlife for Severn Trent. Obtained through the water company’s capital delivery framework, Costain will carry out work at 16 sites over the next four years. Twelve of the jobs involve Costain…

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Costain consults on ditching 25 tech jobs

Kerry Lorimer — Mon, 04 Sep 2023 12:05:15 +0000

Around 25 jobs at Costain are at risk as it considers the future of its £3.5m technology centre in Somerset. The company said it was “repositioning its digital activities” to focus on growth areas and would look to redeploy workers where possible as part of…

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Costain finishes H1 with more cash despite profit fall

Ben Vogel — Wed, 23 Aug 2023 11:45:42 +0000

Costain improved its net cash position in the first half (H1) of this year compared with H1 2022, despite a lower revenue, pre-tax profit and operating margin. The firm had £132.1m in cash on 30 June, marking a 38 per cent year-on-year increase. Chief executive…

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Revealed: Costain tops National Highways contractor spend

Ian Weinfass — Thu, 10 Aug 2023 16:25:19 +0000

Costain was the largest recipient of National Highways spending in each of the last two financial years, Construction News can reveal. The contractor and consultant was paid £522.4m by the government-owned roads body in 2022/23,£129.74m more than its nearest rival – Connect Plus, a consortium…

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HS2 hands extra £305m to Skanska-Costain-Strabag

Catherine Moore — Wed, 05 Jul 2023 06:00:34 +0000

The Skanska Costain Strabag joint venture (SCS JV) working on HS2 has been awarded an additional £305.3m by HS2 Ltd. The funds, awarded under the existing £3.8bn contract, will go towards works on Phase One of the new high-speed railway. They relate to planned and…

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Five chosen for £485m nuclear decommissioning framework

Jonathan Knott — Fri, 23 Jun 2023 08:07:38 +0000

Five firms have been chosen for a framework contract for decommissioning and asbestos removal (DAR) at Magnox's nuclear sites. Contracts for Lots 1 and 2 have been awarded to Costain, Keltbray and the Celadon Alliance – a collaboration between Altrad Support Services, KDC Veolia Decommissioning…

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