Costain profits dented by slide in transport arm trading

A slide in profitability and revenue at Costain’s transportation division saw overall group performance slip last year.
Overall, group revenue fell 6% to £1.33bn due to the rephasing and rescoping of projects at the transportation division covering highways and railway work.
This saw group operating profit fall 23% to £27m, while reported pretax profit slipped by 6% to £31m.Over the year to the end of 2023, Costain incurred £8m of transformation and restructuring co