Costain

Costain has reached a financial settlement with the Welsh Government over costs on the A465 Heads of the Valleys road. The settlement is in line with the provision the company made in its accounts for the year ending 31 December 2020, which it has not yet published. In its half-year…

Willmott Dixon topped the contract wins league table in January with almost £300m of new work secured. The firm made the top spot largely thanks to two big residential jobs, according to data from construction intelligence provider Glenigan. Seashell Trust, a charity that supports children and adults with learning difficulties, picked…

  Costain has appointed a new non-executive director to its board. Tony Quinlan, a former chief executive of electronics and technology company Laird, has been announced as a replacement for Jane Lodge, who will leave the board after the firm’s annual general meeting on 6 May. She has been on…

Costain ended 2020 with a net cash balance of £102.5m, the company announced in a trading update this morning. The balance was greater than the £60m-£70m range it had forecast in its half-year results, and also ahead of the £64.9m it reported at the end of 2019. Average month-end net…

Five Balfour Beatty joint ventures have been shortlisted on four lots of HS2 track systems contracts, as well as a tunnel and line-side M&E systems contract, worth a combined total of £2.5bn. Firms selected for the contracts will deliver around 280km of infrastructure on the megaproject, between London, Birmingham and…

Former Costain chief executive Andrew Wyllie has been appointed a non-executive director of housebuilder Persimmon. Chairman Roger Devlin said Wyllie’s experience in the construction industry would strengthen the board. “His industry knowledge and perspective will be a valuable addition to the board as Persimmon continues to build a sustainable business…

Costain has named Helen Willis as its new chief financial officer. She will join Costain on Monday 23 November and take up the CFO position on 30 November after a handover from current CFO Tony Bickerstaff. Bickerstaff announced in early October that he was leaving the company after 14 years…

The UK should change its procurement rules after Brexit, Crossrail chief executive Mark Wild has said. Wild, a former managing director of London Underground and CEO of Public Transport Victoria in Australia, described current procurement rules as a “big barrier” for clients. Speaking at a Railway Industry Association conference panel…

Amey has fallen behind Siemens and Balfour Beatty as Network Rail’s largest supplier, Construction News can reveal. Network Rail’s total supplier spend was £8.2bn in the 12 months to October 2020, up from £7.5bn last year. The top 20 suppliers accounted for £3bn of the total. In 2018/19, Amey Rail…

Costain chief financial officer Tony Bickerstaff is to leave the contractor after 14 years in the role. The firm said Bickerstaff will stay in post until 30 November subject to a new appointment, and that the search for his successor is ongoing. Bickerstaff was hired by then chief executive Andrew…