Costain says it wants more consulting work

By Will Ing2019-07-04T05:00:00

Announcement comes after profit warning last week

Costain wants to increase the amount of consultancy work it does in the future, new chief executive Alex Vaughan has said.

The contractor issued a shock profit warning on Monday which sent its share price tumbling after the firm said a number of projects had been delayed and it was having to pick up the tab for the cost of repair work on the £260m National Synchrotron facility in Oxfordshire which Costain completed in 2006.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community