Costain

Gatwick has confirmed that the largest plank of its airport construction programme has been suspended until at least 2022. The planned doubling in size of Pier 6, one of the buildings where aircraft dock, has been put on hold as a result of declining income due to the coronavirus crisis.…

Costain has delayed publication of its half-year 2020 results while it awaits an arbitration decision on a long-running dispute with the Welsh Government. The verdict will be the latest development in the dispute over the A465 Heads of the Valleys road project, which is likely to cost £100m more than its…

Costain and Willmott Dixon have been recognised for their efforts to promote gender equality with both appearing in the annual Times Top 50 Employers for Women list. The 2020 list, published by The Times in partnership with corporate responsibility charity Business in the Community (BITC), names the 50 best employers…

Sir Robert McAlpine and Multiplex are the latest contractors to rule out claiming through the Jobs Retention Bonus scheme. Under the programme, firms are entitled to £1,000 for each employee brought back from furlough who remain in the firm’s employment until the end of January. The industry as a whole…

Kier was the largest single recipient of Highways England spending in the last two financial years, bringing in more than £1bn from the roads body, an analysis by Construction News has found. Data obtained under the Freedom of Information Act shows that Balfour Beatty and Costain were among the firms…

Costain has agreed a deal to exit a contract on two National Grid problem jobs. A dispute over gas-compressor stations in Huntingdon and Peterborough has raged over changes to the schemes’ design and scope, which hit both cost and programme. In March, Costain chief financial officer Tony Bickerstaff said its…

Crossrail was 14 weeks behind schedule at the start of April, based on a delivery plan set out a year earlier. A report prepared by consultant Jacobs for Transport for London and the Department for Transport said poor productivity had been the main factor in pushing the job off course.…

The Costain/Skanska joint venture working on Crossrail's Bond Street station project has agreed to leave the contract early. The contract was formally ended at midnight last night although the JV will continue to work with Crossrail to hand over works and mitigate extra costs. Statements from the CSJV and Crossrail…

Costain has won new contracts after a £100m boost to its balance sheet, secured in May, the firm has claimed. The contractor sold £100m worth of new shares to investors, including £25m to Middle East contractor ASGC last month. In a trading update today, the company said it has won…

Kier secured top place in May’s contract awards league table thanks to a large healthcare project. A deal to build a new four-storey facility for a Birmingham hospital contributed £97.1m to its £260.1m haul of contracts for April, according to construction intelligence provider Glenigan. The quarter-of-a-billion pounds worth of work…