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Share Price: 82.80
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Change: -0.60 (-0.72%)
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Britain says construction work can begin on HS2 rail project

Wed, 15th Apr 2020 07:43

LONDON, April 15 (Reuters) - Britain has given the green
light for companies to start putting spades in the ground to
build a new high speed rail line, saying that work could proceed
in line with coronavirus safety guidelines despite the national
lockdown.

Prime Minister Boris Johnson announced in February that the
line, known as HS2 which connects London to northern England,
would go ahead.

The government on Wednesday issued formal notification to
the companies tasked with construction, allowing them to start
work and providing them and their suppliers with business at a
time when the pandemic has caused the economy to grind to a
halt.

"This next step provides thousands of construction workers
and businesses across the country with certainty at a time when
they need it, and means that work can truly begin," HS2 minister
Andrew Stephenson said.

Companies with HS2 contracts include Skanska Construction UK
, Costain, Sir Robert McAlpine, Eiffage Genie
Civil, Kier, Balfour Beatty and VINCI
.

Companies will need to follow Public Health England's
guidance on social distancing at construction sites during the
coronavirus outbreak, the Department for Transport said in its
statement.

Some preparatory work for HS2 has already started, such as
clearing land and demolishing buildings, but to date, no tracks
have been laid.

In approving HS2, Johnson, defied critics who said it was
overbudget and not necessary, showing his willingness to invest
in infrastructure.

He said HS2 would slash journey times and add capacity to
Britain's crowded rail network, and help with his plan to "level
up" the country by investing in transport links outside London.
(Reporting by Sarah Young; editing by James Davey)

More News
28 Apr 2022 16:04

UK shareholder meetings calendar - next 7 days

Friday 29 April  
ADVFN PLCGM re director appointments
AstraZeneca PLCAGM
BBGI Global Infrastructure SAAGM
GreenCoat Renewables PLCAGM
Holders Technology PLCAGM
HSBC Holdings PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
Kingspan Group PLCAGM
Minoan Group PLCAGM
Nostrum Oil & Gas PLCGM - re notes restructuring
Pearson PLCAGM
Photo-Me International PLCAGM
Rotork PLCAGM
Smurfit Kappa Group PLCAGM
Travis Perkins PLCAGM
Monday 2 May 
no events scheduled 
Tuesday 3 May 
AVI Japan Opportunity Trust PLCAGM
CPPGroup PLCAGM
F&C Investment Trust PLCAGM
IOG PLCAGM
Plus500 LtdAGM
Smithson Investment Trust PLCAGM
Wednesday 4 May 
Barclays PLCAGM
Caledonia Mining Corp PLCAGM
CentralNic Group PLCAGM
GlaxoSmithKline PLCAGM
Just Eat Takeaway.com NVAGM
Ocado Group PLCAGM
RIT Capital Partners PLCAGM
Safestyle UK PLCAGM
Standard Chartered PLCAGM
Ten Entertainment Group PLCAGM
Tribal Group PLCAGM
Tritax Big Box REIT PLCAGM
Unilever PLCAGM
Thursday 5 May 
AIB Group PLCAGM
Alpha FX Group PLCAGM
Apax Global Alpha LtdAGM
Ascential PLC AGM
Avast PLCAGM
BAE Systems PLCAGM
Ceres Power Holdings PLCAGM
Clarkson PLCAGM
Costain Group PLCAGM
Domino's Pizza Group PLCAGM
EJF Investments LtdEGM re rollover offer
Emis Group PLCAGM
GetBusy PLCAGM
Glanbia PLCAGM
Griffin Mining LtdAGM
IMI PLCAGM
Indivior PLCAGM
James Fisher & Sons PLCAGM
Jardine Matheson Holdings LtdAGM
John Wood Group PLCAGM
KRM22 PLCAGM
Made.com Group PLCAGM
Melrose Industries PLCAGM
Mincon Group PLCAGM
MoneySupermarket.com PLCAGM
Morgan Advanced Materials PLCAGM
Morgan Sindall Group PLCAGM
Personal Group Holdings PLCAGM
Quixant PLCAGM
Rathbones Group PLCAGM
Reach PLCAGM
Scotgems PLCAGM
Witan Investment Trust PLCAGM
Sancus Lending Group LtdAGM
React Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
9 Mar 2022 14:40

IN BRIEF: Costain narrows loss but skips dividend; chair set to depart

Costain Group PLC - Maidenhead, England-based infrastructure construction firm - Pretax loss narrows to GBP13.3 million in 2021 from GBP96.1 million in 2020, as revenue rises 16% to GBP1.14 billion from GBP978.4 million. Says result is in line with market expectations, having guided back in December to an as-expected result. Adjusted operating profit was GBP30.1 million in 2021, up from GBP18.0 million, as adjusted operating margin improved to 2.6% from 1.7%. Net cash balance rises to GBP119.4 million at the end of December from GBP102.9 million a year before, but declares no dividend for either 2021 or 2020, saying it isn't "appropriate" to do so. Promises to continue to review the reinstatement of dividends in light of performance.

Read more
9 Mar 2022 08:22

Costain narrows FY pre-tax losses

(Sharecast News) - Construction company Costain said on Wednesday that it had narrowed pre-tax losses in 2021 as long-time problem jobs were purged from its books and the firm's contract bidding and delivery processes were overhauled.

Read more
2 Mar 2022 16:02

UK earnings, trading statements calendar - next 7 days

Thursday 3 March 
Admiral Group PLCFull Year Results
Avation PLCHalf Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Darktrace PLCHalf Year Results
Dotdigital GroupFull Year Results
Elementis PLCFull Year Results
Empiric Student Property PLCFull Year Results
Entain PLCFull Year Results
Franchise Brands PLCFull Year Results
Galliford Try Holdings PLCHalf Year Results
Hansard Global PLCHalf Year Results
Hutchmed (China) LtdFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Meggitt PLCFull Year Results
Melrose Industries PLCFull Year Results
Mondi PLCFull Year Results
PageGroup PLCFull Year Results
Poolbeg Pharma PLCHalf Year Results
Rentokil Initial PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Synthomer PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Friday 4 March 
FBD Holdings PLCFull Year Results
Hammerson PLCFull Year Results
Morgan Advanced Materials PLCFull Year Results
Monday 7 March 
Blackbird PLCFull Year Results
Downing Renewables & Infrastructure Trust PLCFull Year Results
HgCapital Trust PLCFull Year Results
MTI Wireless Edge LtdFull Year Results
Tuesday 8 March 
Ashtead Group PLCQ3 Results
Bakkavor Group PLCFull Year Results
Capital & Regional PLCFull Year Results
Capricorn Energy PLCFull Year Results
Clarkson PLCFull Year Results
ConvaTec Group PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Domino's Pizza Group PLCFull Year Results
Engage XR Holdings PLCFull Year Results
Fresnillo PLCFull Year Results
Glenveagh Properties PLCFull Year Results
Greggs PLCFull Year Results
Gresham Technologies PLCFull Year Results
H&T Group PLCFull Year Results
IWG PLCFull Year Results
John Menzies PLCFull Year Results
John Wood Group PLCFull Year Results
Johnson Service Group PLCFull Year Results
Keller Group PLCFull Year Results
M&G PLCFull Year Results
Made.com Group PLCFull Year Results
Midwich Group PLCFull Year Results
Robert Walters PLCFull Year Results
Wednesday 9 March 
888 Holdings PLCFull Year Results
Alfa Financial Software Holdings PLCFull Year Results
Biffa PLCFull Year Results
Breedon Group PLCFull Year Results
Costain PLCFull Year Results
Foresight Solar Fund LtdFull Year Results
Headlam Group PLCFull Year Results
Ibstock PLCFull Year Results
Kier Group PLCFull Year Results
Legal & General PLCFull Year Results
Network International Holdings PLCFull Year Results
Prudential PLCFull Year Results (at 0400 GMT)
Quilter PLCFull Year Results
Somero Enterprises IncFull Year Results
STV Group PLCFull Year Results
TClarke PLCFull Year Results
TT Electronics PLCFull Year Results
Tullow Oil PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
24 Feb 2022 21:57

TRADING UPDATES: Enwell shuts down operations; i3 ups oil production

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
4 Feb 2022 13:42

IN BRIEF: Hercules Site Services up 5% on AIM debut; gears up for HS2

IN BRIEF: Hercules Site Services up 5% on AIM debut; gears up for HS2

Read more
2 Feb 2022 12:18

LONDON MARKET MIDDAY: FTSE leads way as stocks rise ahead of ECB, BoE

LONDON MARKET MIDDAY: FTSE leads way as stocks rise ahead of ECB, BoE

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2 Feb 2022 08:54

LONDON MARKET OPEN: Ocado, Auto Trader and Vodafone boost FTSE 100

LONDON MARKET OPEN: Ocado, Auto Trader and Vodafone boost FTSE 100

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1 Feb 2022 14:01

IN BRIEF: Hercules Site Services to raise 20% less than hoped from IPO

IN BRIEF: Hercules Site Services to raise 20% less than hoped from IPO

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20 Jan 2022 15:17

IN BRIEF: Construction labour firm Hercules Site Services sets AIM IPO

IN BRIEF: Construction labour firm Hercules Site Services sets AIM IPO

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14 Dec 2021 11:15

SMALL-CAP WINNERS & LOSERS: Stagecoach up on National Express deal

SMALL-CAP WINNERS & LOSERS: Stagecoach up on National Express deal

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13 Dec 2021 17:05

LONDON MARKET CLOSE: Stocks sink ahead of central bank bonanza

LONDON MARKET CLOSE: Stocks sink ahead of central bank bonanza

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13 Dec 2021 12:24

Costain tips annual profit in line; falls on National Grid pact blow

Costain tips annual profit in line; falls on National Grid pact blow

Read more
13 Dec 2021 11:19

Liberum hails Costain's "bulging" order book amid National Grid blow

Liberum hails Costain's "bulging" order book amid National Grid blow

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13 Dec 2021 10:58

SMALL-CAP WINNERS & LOSERS: Costain falls amid National Grid grief

SMALL-CAP WINNERS & LOSERS: Costain falls amid National Grid grief

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