Seven Days: 14 February 2020

Seven Days: 14 February 2020

HS2 confirmed

Contractors’ shares up

The UK government has confirmed that the high-speed HS2 rail project will go ahead. The prime minister said: “I am drawing a clear line under the mismanagement of the past – HS2 must be delivered more efficiently and cost-effectively so that communities feel its benefits more quickly, particularly those in the north.” Shares in contractors Kier (KIE), Costain (COST) and Balfour Beatty (BBY) climbed in response. The prime minister also plans to overhaul the UK’s transport network, with £5bn to improve bus and cycle links outside of London and upgrades to local roads. 

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