Costain’s shares plunge again

By Hamish Champ2020-03-16T11:27:00

Contractor now valued at £38m as investors flee company

Shares in Costain slumped a whopping 40% this morning, valuing the troubled contractor at just £38m, as fears around the impact of the coronavirus epidemic shook investor confidence to the core.

The group’s shares were trading at 35p at the time of writing, but have been falling in value since last week, when it announced it had slumped into the red in 2019, revealing pre-tax losses of nearly £7m.

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