Costain

10 companies to watch in 2024

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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 of these claims. Last year…

Inside HS2: the innovations at Old Oak Common

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The Leeds leg of HS2 may have been pulled but, in west London, construction is powering ahead. Paul Thompson reports on the techniques employed at the megaproject to aid delivery of two major schemes in one

Project Old Oak Common Station Box Contract value £1.67bn Client HS2 Ltd Main contractor…

Industry Q&A: what is the one thing construction should prepare for in 2021?

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Construction News asked figures from throughout the industry what construction should prepare for in the New Year. Here’s what they had to say.

Costain group safety, health and environment director Lawrence Webb “The spectre of COVID is still hanging over us and I would absolutely reinforce messages that I’ve heard from…

‘Share your failures as well as success’ in the fight against carbon

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As part of our inaugural Decarbonising Construction virtual event, an expert panel from across the industry shared the secrets to going green, and discussed how firms would be able to speed up the process

The Power Panel debate at the virtual conference was chaired by CN head of content Zak…

How Costain plans to avoid loss-making work

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Costain chief executive Alex Vaughan has told Construction News exactly how he plans to avoid the type of costly disputes that caused the business to record a £90.4m loss in its half-year results. Having made changes in personnel, the types of contract Costain bids on and the culture of risk…

Why Costain’s CEO is sleeping well

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‘I know my people better than ever’ Vaughan says the impact of the coronavirus pandemic on the contractor's working patterns has actually boosted his personal productivity and enabled him to learn more about his workforce. “I now know my people better than I've ever known them before. That's because when…

The battle over low-carbon roads

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The Budget pledged £27bn to improve and extend England’s road network, but critics have suggested this is at odds with climate change. What can the construction sector do to make our roads greener?

Rishi Sunak’s debut Budget brought some much-needed certainty for the industry with a headline pledge to spend £640bn…

Are specialists still on the up?

Skanska UK to sell Cementation piling business

In a market where some of the biggest tier ones are struggling and undertaking painful turnaround programmes, specialist contractors are thriving. That was the message of CN's 2018 specialists index, the most comprehensive annual look at the demolition, ground engineering, concrete, structural steel, M&E, building envelope and scaffolding markets. In a…

A flagging economy leaves nowhere to hide

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For those of us who regularly look for signals around the health of the construction market, the last few weeks have felt like an almost unrelenting barrage of negative signs. We’ve seen three reasonably sized firms collapse, including the CN100-listed Shaylor Group. Elsewhere, we heard today that the UK’s oldest…

The luck and judgement of Mr Wyllie

Andrew Wyllie CEO chief executive Costain

By the standards of any plc, 14 years is a long time to live with the same CEO, as Costain has done with Andrew Wyllie.

To survive that long, especially in an industry like construction, which is prone to big swings, requires excellent judgement. Looking back to 2005 when Mr Wyllie…