Member Info for Raleigh

It will not just be stopping here, will it?

All being well the business should be improving on 2 fronts. It started back in June, as a business with a new plan and investment, needing particularly to sort out the UK operation. I trust they are doing that, and other things, in house, and to advantage.
Back then, the additional infrastructure spend supported by UK govt. and EU had not come into play. That is still in the very early stages, feeding through, with construction having bounced back playing catch-up from a degree of paralysis in the first lockdown, and since when there has been great improvement in Covid working practices.
I think things should be working in their favour in terms of recovery from a very poor position and their aim of reducing losses for the current period.

These are very early development stages for potential hydrogen use. A key first for consumers transitioning to hydrogen is the ability to supply through existing gas networks along with natural gas and then a mechanism of splitting the two at the point of consumption into one or the other, or a user required mix. A blend containing 20% hydrogen presents no challenge at point of use anyway.
https://www.costain.com/news/news-releases/costain-part-of-proving-hydrogen-can-be-distributed-via-existing-gas-networks/
They now need to prove the de-blending concept, before they are ready to go on demand from suppliers and consumers.
In the hydrogen respect and their other decarbonisation schemes, Costain say

"While the pace of the UK transitioning to a decarbonised energy network is slower than expected, we have secured key positions to exploit the future opportunities."

It seems that Costain has taken an early position to benefit from the net zero 2050 UK Govt. aspiration and I believe that there will be increasing pressure on suppliers and industry ( energy as a broad heading is by far the biggest polluter ) to decrease emissions, hence the work on various Costain projects, as there is encouragement now for homeowners to 'go green', to meet target.

All this green stuff, with a lot in the mix over time, is very much coming up everyone's agenda, particularly with efforts to rebuild the economy through construction. And already as of of April 2019 on the global warming front large UK companies were required to report publicly on their UK energy use and carbon emissions within their Directors' Report.
And Costain ( with an in house group carbon manager) work to practice what they preach.
https://www.costain.com/news/news-releases/costain-commits-to-deliver-low-carbon-whole-life-solutions-to-every-client-by-2023-and-to-be-net-zero-by-2035/
Done gassing.

https://nationalinterest.org/blog/reboot/bae%E2%80%99s-archer-howitzer-redefining-mobile-artillery-172672

More F35s required if agreement reached.
https://greece.greekreporter.com/2020/11/16/greece-requests-to-buy-a-squadron-of-us-f-35-stealth-jets/

https://www.hpmmag.com/news/hydrogen-ready-boiler-definition-established in advance of possible roll out of hydrogen for heating.

At a basic level, I am simply of the opinion that the drivers for construction will feed into the next Sig update.

Just another flavour of decarbonisation - the aim to hit net zero by 2050 - whilst supporting the economy through construction

https://www.bdcmagazine.com/2020/11/energy-utilities/renewable-energy/renewables-specialists-win-spots-on-new-800m-energy-efficiency-framework/

The green money will be making it's way through the contractors to merchants.

https://thenegotiator.co.uk/millions-on-tenterhooks-as-conveyancing-logjam-hits-650000-transactions/

https://asiapacificdefencereporter.com/bae-launches-red-ochre-labs-collaboration-hub/

I am just exploring a little for myself and putting it on here. But Costain do say " We continue to drive the transformation of our energy sector ........."
It does not grab the eye particularly and is only a small part of the results report. Anyway, moving onto the last bit:-

Biogas compression.

Costain say "first in network gas compression for Biogas"

Quote from National Grid 26th. October - Isabelle Haigh, Head of Plant Operations for National Grid, said: “Maintaining our compressors, pipelines and gas turbines is vital to the safe, secure and reliable operation of our gas network, but we’re also investing in transformative engineering and cutting-edge technology to help the country hit its net zero carbon target by 2050.
We are working hard to explore moving from natural methane used in the gas network to the cleaner alternatives of hydrogen and biogas........

I have had to trawl a bit on that but my understanding is that traditionally biogas has been compressed in pressurised containers, but Costain is the first to enable the means of delivering it at sufficient pressure into a gas network.

By the way, I welcome any comment putting me right on this and previous posts. DYOR and all that.

I am just picking the bits apart in the RNS paras I mentioned in my post of 1737 last Friday and putting some context on here when I feel like it. Apologies to those who have an existing understanding of what Costain are at.
Moving from carbon capture and hydrogen to the SSEN reference, micro grid and resilience, this seems as good as any.
https://www.costain.com/news/news-releases/costain-partner-with-scottish-and-southern-electricity-networks-and-eon-to-help-improve-network-resilience-in-rural-parts-of-the-uk/
It would seem the work undertaken with SSEN is of national significance.
"Costain will also deliver reputable programme management services and leading work to develop the future supply chain that will enable a competitive market for the provision of resilience to all GB Distribution Network Operators (DNOs)."
Computer says 14 large DNOs in Britain.

This article has helped my understanding of the direction of travel, and the link between hydrogen as a fuel and carbon capture.
https://www.theguardian.com/science/2020/mar/21/is-hydrogen-the-solution-to-net-zero-home-heating

Another overview.
https://thenegotiator.co.uk/busy-busy-busy/

The company was loss making due to Covid. It is still loss making due to Covid. As I write this, I am unaware of any unexpected and material change to revenue, beyond expectations. This is the outcome of a known period of consultation to reduce staff costs, as planned, for the benefit of the company and it's shareholders. It is both responsible and positive in that respect. Talk of year lows is ridiculous, though some will sell. I have no idea of it's effect on the share price, but should it fall it may be the last opportunity to take shares at the final low before recovery.

Another article on the German order from a UK perspective.

https://ukdefencejournal.org.uk/german-typhoon-order-boosts-uk-economy-say-bae/

That was last Monday. My bad ( as some say ) Apologies. Anyway, holds good and not been mentioned before. Ongoing.
https://www.edie.net/news/11/Chancellor-Rishi-Sunak-confirms-UK-s-first-sovereign-green-bond--mandatory-TCFD-disclosures/

Green infrastructure and other stuff - Monday.
https://www.ft.com/content/54a81c62-bcf7-431b-81ac-63ad22637363

https://www.greggsemployeeinformation.co.uk/

It is business. Responsible large businesses, not only Greggs, are also in a bit of a cleft stick with furlough and dividends - the notion that shareholders avail themselves of taxpayer money, only further down the line to reward themselves with dividends, if that proves to be the case.