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Water under the bridge for Costain

first_img Share KCS-content Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tuesday 5 April 2011 7:42 pm Costain, the construction firm that walked away from Mouchel’s stonewalling after four months, has plenty to be getting on with. The firm has a forward order book worth £2.4bn, including a contract to build the first major road to cross the River Thames in 20 years. While Mouchel seems to have slipped through the net for now (Costain has reserved the right to wade in again under the rules of the City Code), analysts expect the firm to instead move its attention to picking out smaller acquisitions.Mouchel, meanwhile, is left floundering in the public sector services market alone. Both Costain and Interserve cut their offers after examining the firm’s books, and last week’s results missed forecasts that were already revised downwards. The company is also likely to sell off assets in order to meet a debt repayment in May 2012 – further distraction from the day-to-day work that Mouchel management is desperate to focus on. Mouchel needs to stage a spectacular turnaround to justify spurning two suitors that could have helped shield the firm from public sector turbulence. Only the most patient investors will stick around. Show Comments ▼center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Tags: NULL whatsapp Water under the bridge for Costain last_img read more