December 5 2013 Latest news:
Friday, August 23, 2013
A raft of new contracts worth more than £900m helped infrastructure group Costain notch up a record half-year order book despite tough construction markets.
The group reported a 20pc hike in its order book to an all time high of £2.9bn after winning and extending a host of contracts in recent months, including upgrading Thames Water’s network, improving a major road in Lincolnshire and overhauling power lines in the south east.
But the group saw interim pre-tax profits plunge to £3.1m from £14.7m a year earlier as its bottom line suffered hits including £3.7m in costs from its failed merger with Norwich-based road and rail maintenance firm May Gurney, as well as tough comparisons from a year earlier when figures were boosted by a one-off pension accounting transfer.
Great Yarmouth MP Brandon Lewis has hailed the town’s growing significance as an energy hub after the arrival of a new offshore business bringing the promise of 100 jobs over the next three years.