Costain Group PLC - infrastructure construction - Says both it and National Grid PLC have mutually agreed to exit a contract to upgrade National Grid's Peterborough and Huntingdon compressor stations and release Costain from its contractual obligations to complete the works. Agreement includes an agreed scope of work to be completed after termination. Costain will now start to fully demobilise all of its remaining activity relating to the contract, which is expected to be complete by August 31.
Current stock price: 72.90 pence
Year-to-date change: down 51%
By Lucy Heming; lucyheming@alliancenews.com
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National Grid (NG.)
Costain (COST)
