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Costain upbeat on trading

Costain said it has increased its forward book by nearly one fifth in the first three months of this year.

Among the jobs the group has won is an advance works contract on the £77 million overhaul of Farringdon station in north London that it will carry out with joint venture partner Laing O’Rourke as part of Network Rail’s Thameslink upgrade.

The win and others, including the deal to widen the A14 in Cambridgeshire for the Highways Agency and an extension of its AMP4 contract for Southern Water, have taken its order book up to £1.9 billion.

The firm said it is preferred bidder on a further £1 billion worth of projects.

Costain said its oil and gas business was performing well while its Spanish developments arm was still selling land in challenging conditions.