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Costain Group PLC (COSG.L)

COSG.L on London Stock Exchange

56.60GBp
30 Nov 2020
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Latest Key Developments (Source: Significant Developments)

Costain Expects To Report HY Operating Profit 5.7 Mln Stg
Monday, 17 Aug 2020 

Aug 17 (Reuters) - Costain Group Plc ::EXPECT TO REPORT AN OPERATING PROFIT, BEFORE A465 AND PETERBOROUGH & HUNTINGDON CONTRACTS, OF £5.7 MILLION FOR FIRST HALF.OUTLOOK IN OUR CORE INFRASTRUCTURE MARKETS REMAINS POSITIVE.ORDER BOOK STOOD AT £4.2 BILLION AT PERIOD END.  Full Article

Costain Says Awarded 150 Mln Stg Contract With Cadent
Tuesday, 14 Jul 2020 

July 14 (Reuters) - Costain Group PLC ::COSTAIN AWARDED CADENT CONTRACT.COSTAIN AWARDED £150 MILLION PROGRAMME MANAGEMENT CONSULTANCY CONTRACT WITH CADENT.CONTRACT IS VALUED IN EXCESS OF £150 MILLION AND IS DUE TO COMMENCE IN AUGUST 2020.  Full Article

Costain Expects Order Book To Be About £4.2 Bln At Half Year End
Friday, 19 Jun 2020 

June 19 (Reuters) - Costain Group PLC ::EXPECTS ORDER BOOK TO BE APPROXIMATELY £4.2 BILLION AT HALF YEAR END.REMAIN CONFIDENT IN POSITIVE FORWARD OUTLOOK FOR BUSINESS.  Full Article

Costain Group Completes £100 Million Equity Raise
Thursday, 28 May 2020 

May 28 (Reuters) - Costain Group PLC ::COSTAIN GROUP - COMPLETED £100 MILLION EQUITY RAISE.  Full Article

Costain Group Says JV To Proceed With Phase 1 of HS2 Civil Contract
Wednesday, 15 Apr 2020 

April 15 (Reuters) - Costain Group PLC ::COSTAIN GROUP PLC - UPDATE ON CONTRACTS.COSTAIN - CONFIRMS JV CO, SKANSKA COSTAIN STRABAG, GRANTED NOTICE TO PROCEED BY HS2 TO COMMENCE FULL DETAILED DESIGN AND CONSTRUCTION OF PHASE 1.COSTAIN - CONTRACT WILL INVOLVE DESIGN AND CONSTRUCTION OF MAJOR TUNNELS IN APPROACH TO LONDON TERMINUS AT EUSTON STATION.COSTAIN GROUP PLC - IT IS ESTIMATED THAT PHASE 1 OF WORKS WILL CREATE 6,000 JOBS.COSTAIN GROUP PLC - GIVEN DELAYED START, CONTRACT IS NOT EXPECTED TO MAKE A SIGNIFICANT CONTRIBUTION TO GROUP'S PROFITABILITY UNTIL FY21 ONWARDS.  Full Article

JO Hambro Capital Management Discloses 10.37% Stake In Costain
Tuesday, 17 Mar 2020 

March 18 (Reuters) - Costain Group PLC ::J O HAMBRO CAPITAL MANAGEMENT DISCLOSES 10.37% STAKE IN COSTAIN AS OF MARCH 16 VERSUS PRIOR STAKE OF 5.19% - FILING.  Full Article

Costain Announces Fully Underwritten Capital Raising Of Up To £100 Mln
Wednesday, 11 Mar 2020 

March 11 (Reuters) - Costain Group PLC ::COSTAIN GROUP PLC - FULLY UNDERWRITTEN CAPITAL RAISING OF UP TO £100M.COSTAIN GROUP PLC - A PROPOSED NEW EQUITY CAPITAL RAISING OF UP TO £100 MILLION IN COMING WEEKS.  Full Article

Costain FY Reported Pretax Loss 6.6 Mln Stg Vs Profit Of 40.2 Mln Stg
Wednesday, 11 Mar 2020 

March 11 (Reuters) - Costain Group PLC ::FY UNDERLYING OPERATING PROFIT OF £17.9 MILLION (2018: £52.5 MILLION).COMPANY WILL PAY NO FINAL DIVIDEND IN RESPECT OF YEAR ENDED 31 DECEMBER 2019.FY REPORTED REVENUE OF £1,155.6 MILLION VERSUS £1,463.7 MILLION YEAR AGO.FY REPORTED LOSS BEFORE TAX OF £6.6 MILLION VERSUS PROFIT OF £40.2 MILLION, YEAR AGO.FY DIVIDEND PER SHARE OF 3.8P VERSUS 15.15P.  Full Article

Costain Now Sees FY19 Underlying Oper. Profit Of £17-19 Mln
Thursday, 12 Dec 2019 

Dec 12 (Reuters) - Costain Group PLC ::UPDATE ON THE A465 CONTRACT AND TRADING.ISSUES UPDATE ON GROUP'S CONTRACT WITH WELSH GOVERNMENT FOR CONSTRUCTION OF A465 HEADS OF VALLEYS ROAD.ARBITRATION AWARD EFFECTIVELY SPLITS RESPONSIBILITY FOR DESIGN INFORMATION BETWEEN BOTH PARTIES.THIS PARTIALLY REVERSES DECISION OF INITIAL ADJUDICATION.THIS IS CONTRARY TO LEGAL ADVICE RECEIVED BY GROUP CONCERNING RELEVANT PROVISIONS OF A465 CONTRACT.CO IS ENGAGED IN DISCUSSIONS WITH WELSH GOVERNMENT TO REACH AGREEMENT ON A FINANCIAL SETTLEMENT.NOW EXPECTS FY19 UNDERLYING OPERATING PROFIT TO BE IN RANGE OF £17 MILLION - £19 MILLION.SEES YEAR-END NET CASH POSITION TO BE C£20 MILLION.ELSEWHERE IN BUSINESS, COSTAIN HAS PERFORMED IN LINE WITH EXPECTATIONS IN SECOND HALF OF YEAR.EXPECTS TO FINISH YEAR WITH AN ORDER BOOK OF £4.2 BILLION (31 DECEMBER 2018: £4.2 BILLION).  Full Article

Costain Group Announces Disposal Of Alcaidesa Holding, S.A.U
Wednesday, 11 Dec 2019 

Dec 11 (Reuters) - Costain Group PLC ::COSTAIN GROUP PLC - DISPOSAL OF ALCAIDESA HOLDING, S.A.U.COSTAIN GROUP PLC - DEAL FOR EUR 15.2M.COSTAIN GROUP PLC - SALE OF ALCAIDESA HOLDING S.A.U TO MILLENIUM HOTELS REAL ESTATE I SOCIMI S.A.,.COSTAIN GROUP PLC - IS ALSO SEEKING A POTENTIAL PURCHASER OF ITS 624-BERTH MARINA CONCESSION.COSTAIN- SALE, COMBINED WITH POTENTIAL SALE OF MARINA CONCESSION, TO RESULT IN AGGREGATE LOSS ON DISPOSAL AND FAIR VALUE ASSET IMPAIRMENT OF £8.9 MILLION.  Full Article