Costain

Ex-Costain rail boss named Aspin chairman

Ex-Costain rail boss named Aspin chairman

Ground engineering firm Aspin has brought in former Costain rail boss Gren Edwards as its new chairman.

The appointment of Mr Edwards comes amid an overhaul of Aspin’s senior team following its takeover by US private equity firm Sandton Capital partners in February. Mr Edwards served as rail director at Costain for seven…

Ex-Costain and Tarmac CEOs join SIG board

Alan Lovell

SIG has appointed the former chief executives of Costain and Tarmac as non-executive directors as it implements a turnaround plan.

Alan Lovell (pictured), who had spells at Costain and Jarvis, will join SIG as a non-executive director and senior independent director. Former Tarmac chief executive Cyrille Ragoucy has also been appointed as…

Costain bullish on 2018 financial targets

Costain logo

Costain has said it is on track to hit its 2018 half-year financial targets as it focuses on more high-tech work.

In a trading update released this morning, the company said it had performed well in the six months to the end of June and that its results would be in…

Costain wins £150m M6 smart motorway contract

Generic roads Highways England M4 M5 smart motorway scheme in operation

Costain has won a £150m contract to deliver a 16 km section of smart motorway for Highways England.

The work will cover a stretch of the M6 in the North-west between J21a with the M62 near Warrington and J26 west of Wigan. Costain will design and deliver smart motorway elements to…

Costain boosts consultancy offer with new role

Costain boosts consultancy offer with new role_Helen Simms

Costain has appointed a former Augean executive to a newly created role as part of efforts to boost its consultancy services.

Helen Simms, who spent four-and-a-half years at waste management firm Augean, has joined Costain as its capability director for consultancy. Ms Simms, who is a fellow of the Institute of Mechanical Engineers,…

Costain wins Highways England traffic monitoring deal

Roads infrastructure worker maintenance

Highways England has chosen Costain to deliver 1,500 traffic monitoring stations across its network.

The Motorway Incident Detection and Automated Signalling (MIDAS) system will use road sensors to detect congestion and then display alerts on message boards to motorists. Costain has previously installed the system on the M1, M5 and M6…

Costain’s energy arm back in profit after waste PFI exit

Costain’s energy arm back in profit after waste PFI exit_chief executive Andrew Wyllie

Costain’s energy and water business returned to profit in 2017 as the company exited its problem Manchester waste PFI contract.

The natural resources division, which operates in the water, power and oil and gas markets, reported profit before tax of £2.8m on revenue of £343.9m in the firm’s results for the year…

HS2 boosts Costain’s expectations for 2017 results

Costain logo

Costain has described 2017 as a “strong year” for the company boosted by contracts on HS2, in a market update released today.

Ahead of its full results for 2017 due out on 1 March, Costain said its order book was expected to match the £3.9bn achieved in 2016, which was in line with…

Carillion calls on ex-Costain turnaround specialist

Alan Lovell

Troubled Carillion has strengthened its board with the appointment of former Costain and Jarvis boss Alan Lovell as a non-executive director. 

Mr Lovell, who spent five years at Costain in the mid-1990s, will sit on Carillion’s audit, remuneration, nomination, sustainability and business integrity committees. He is regarded as a turnaround specialist…