Full Year Results 

Costain crumbles to a loss

Costain crumbles to a loss

It’s been quite a year for infrastructure specialist Costain (COST). A profit warning last June wiped off more than two-fifths of the shares’ value and this was followed by another profit downgrade in December. After the group revealed it had swung to a statutory pre-tax loss in 2019 and will be conducting a £100m fund raise, the shares plunged to an all-time low.

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