Costain Group PLC (LSE:COST) picked up 5% as the HS2 and civil works contractor said that adjusted operating profit and cash flow this year are in line with market forecasts.
Growth in strategic markets such as water and rail awards has seen a £1.5 billion rise in forward work position to £5.4 billion compared to a year ago, with the group confident it will see operating profits and margins grow further in this current year.
Consensus forecasts for 2024 are adjusted operating profit between £41.9 million and £43.3 million and net cash of £160.0 million.
Shares rose 4.2p to 90.2p.