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Costain is planning to recruit at least 200 extra people over the next year, including project managers, engineers and health and safety staff. 13-Aug-2009 Costain is to close its construction office in Chelmsford and transfer up to 17 staff to other locations. 20-Oct-2008 Costain, the construction company, is to relocate its Maidenhead-based headquarters to a 36,000 sq ft unit at Vanwall Business Park. 03-Sep-2007 Costain is planning to reduce its number of operating divisions from 15 to seven, in order to focus on activities such as road building and water industry construction contracts. 16-Mar-2006 Stockport Healthcare NHS Trust has awarded a £15m contract to Costain to build a cardiology and surgical unit at Stepping Hill Hospital. 15-Jan-2004 Costain has been selected as preferred bidder to build the £60m Diamond Synchrotron Light Source in Oxfordshire. 12-Feb-2003 Costain has won a £8m contract to refurbish the West Wing at St Bartholomew's Hospital in London. 15-Jan-2003 Costain is to build a £11m paediatric and maternity unit at Ormskirk Hospital and a £8m medical health unit at Countess of Chester Health Park. 09-Oct-2002 Costain is to close its regional offices in Peterborough and Chandlers Ford, with the Peterborough staff relocating to a new regional base in Birmingham and the Chandlers Ford staff relocating to the head office in Maidenhead. 09-Oct-2002 Costain has won a £13m contract to build new facilities at the Royal Shrewsbury Hospital in Shropshire. 02-Oct-2002 Costain has won a £9.5m contract from Stonebridge Community Housing Trust to build a health and community centre in north-west London. 04-Apr-2002 Costain has won a £60m contract to build a gas treatment plant in Barrow-in-Furness, using gas from the River Fields development in the Irish Sea. 18-Jan-2002 Costain is planning to create 400 new jobs, in order to support its projects in the London area, re-establish a presence in the Midlands and tender for substantial projects in Scotland. 09-Nov-2001 Costain has won a £9m contract to build a medical facility for the University of Glasgow. 15-Nov-2000 Costain has won a £11m contract from BPC Hotels to transform the Princess Court building in Manchester city centre into a 141-bedroom four-star hotel. 21-Sep-2000 Costain has sold its Foundation Engineering geotechnical testing business to Fugro of the Netherlands. 04-May-2000 Costain, HBG and PS Turner have been shortlisted by Priorshaw of Wakefield for the £15m Piaza hotel and leisure scheme in Manchester. 26-Aug-1999 Costain is shedding 31 jobs at its oil and gas division in Wythenshawe, due to the instability of oil prices. 15-Jul-1999 Costain is forming a joint venture with Meteor Parking and Skanska BOT to provide a one-stop shop for building car parks. 22-Apr-1999 Costain is to cut 120 jobs in an effort to reduce costs by £10m over the next year, and its construction and civil engineering divisions will be merged into a single UK operation. 08-Apr-1999 Costain is said to be in discussions that could lead to Skanska of Sweden acquiring a controlling stake in the troubled UK contractor. 07-Aug-1998 Hochtief, the German construction concern, is interested in reviving the Green Arrow consortium with Costain and Siemens in order to re-bid for the construction of the Channel tunnel rail link, following problems with the London & Continental Railways project. 04-Mar-1998 Costain's latest refinancing plans have been approved by shareholders, which will result in Skanska of Sweden acquiring a 7.6% stake with the option to increase to 40% over the next three years. 04-Nov-1997 Costain, the troubled construction group, is to raise £47m to clear debts in its third refinancing bid in 15 months, and Skanska of Sweden has been revealed as a new investor. 11-Oct-1997 Costain could be facing its second refinancing of the past year as Skanska, the Swedish construction group, is in discussions over a debt-to-equity swap which would leave it with a stake of up to 20% in the UK contractor. 15-Sep-1997 Costain has sold its US coal operations to Renco of the US for £20.7m, a figure much lower than it had hoped for. 11-Dec-1996 Costain is expected to soon announce the sale of its US coal operations, along with more details about its financial restructuring. 09-Dec-1996 Costain, Laing, Tarmac and Alfred McAlpine are trying to bring about the merger of the three main construction industry trade organisations, in order to give them a stronger voice. 20-Aug-1996 Costain is in discussions to sell its US coal operations, with interested companies including Mapco and Ziegler Coal Holdings. 19-Aug-1996 Costain has sold its Land & Marine pipeline operation to Smit International of the Netherlands for £11m. 17-Aug-1996 Costain has won shareholder approval for a £74m rescue package, which is likely to see Intria of Malaysia gain a stake of up to 40%. 23-Jul-1996 Costain has announced a rescue refinancing deal in which Intria Berhad of Malaysia could be left with a 40% stake in the construction company, as it is underwriting an open offer to shareholders. 05-Jul-1996 Costain, the construction group, is discussing the possible sale of a large stake to a south-east Asian investor. 27-Jun-1996 Costain Group is selling Costain Building Products, the precast concrete products operation, to Tarmac for £3.6m. 30-Dec-1995
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