Costain issues another profit warning

By Dave Rogers2019-12-12T09:34:00

Source: Shutterstock

Firm says operating profit will be off by half from figure already revised down in August

Costain capped a grim 24 hours this morning with the contractor issuing its second profit warning in as many days.

Shares nosedived more than 15% on the news to 163p just a day after the firm said it would take a £8.9m hit on the sale of a golf and marina complex in Spain.

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