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Wyllie's pay jumps by half

Costain chief executive Andrew Wyllie saw his salary last year rise by more than 50 per cent after overseeing the firm’s return to the black.

Mr Wyllie picked up close to £664,000 in 2007, which included a bonus of £310,500.

Group pre-tax profits during the 12 months hit £19.8 million a year after problem international jobs and one-off projects helped blow a £62 million hole in its 2006 accounts. Turnover in 2007 was broadly flat at £878 million.

Finance director Tony Bickerstaff picked up nearly £356,000 last year – helped by a £154,400 bonus – up by 51 per cent on last time.

Costain said it plans to pay a dividend to shareholders – which will be 0.5 pence – for the first time since November 1991.