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Share Price: 83.20

Bid: 83.00

Ask: 83.80

Change: 0.40 (0.48%)

Spread: 0.80 (0.964%)

Open: 83.20

High: 84.00

Low: 83.00

Prev. Close: 82.80

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IN BRIEF: Costain To Book GBP45 Million Cost Amid A465 Arbitrator Blow

Fri, 04th Sep 2020 06:21

Costain Group PLC - construction firm - Arbitration rules against company over dispute concerning A465 road in Wales. Arbitrator reverses initially decision which favoured Costain so now company must take responsibility for costs associated with building retaining wall on road. Costain notes half-year results to include charge of GBP45 million as a result to adjust for lost revenue under A465 contract.

Current stock price: 42.50 pence

Year-to-date change: down 72%

By Eric Cunha; ericcunha@alliancenews.com

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Costain shares tumble as ruling in A465 arbitration comes in against firm

(Sharecast News) - Shares in construction and engineering company Costain tumbled on Thursday after announcing it would take a £45.0m hit to revenues after an arbitration ruling regarding the hotly disputed A465 Heads of the Valley road contract came in against the firm.

17 Aug 2020 10:15

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Costain Share News (COST)

Share Price Information for Costain (COST)

IN BRIEF: Costain To Book GBP45 Million Cost Amid A465 Arbitrator Blow

Costain appoints former De La Rue CFO Helen Willis to the same role

Glanbia To Return EUR50 Million Amid "Strong Cash Flows"

UK EXECUTIVE CHANGE SUMMARY: Carclo Sees No Need For CEO After Review

LONDON MARKET MIDDAY: FTSE Dips As Early Boost From Vaccine News Fades

UK WINNERS & LOSERS SUMMARY: JD Wetherspoon Slips After Quiet Weekend

Costain pushed to a loss by Welsh contract blow

Costain Swings To Interim Loss Amid Virus And Contract Woes

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday broker round-up

UK BROKER RATINGS SUMMARY: Morgan Stanley Cuts LandSec, British Land

Costain shares tumble as ruling in A465 arbitration comes in against firm

Costain Notes Profitable First Half Despite "Significant" Challeneges

LONDON MARKET PRE-OPEN: Cranswick Expects Results Ahead Of Forecasts

UK Earnings, Trading Statements Calendar - Next 7 Days

Latest Share Chat

Costain Share News (COST)

Share Price Information for Costain (COST)

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IN BRIEF: Costain To Book GBP45 Million Cost Amid A465 Arbitrator Blow

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