The construction sector will be drawing the most attention on Tuesday as Costain Group PLC (LON:COST) releases a trading update.
For economic data, builders will once again be in focus as the UK construction PMI is released, particularly as the recent upward revision to the UK’s first quarter GDP reading last week was contingent on a better than expected performance for the sector.
Contracts key for Costain
Following the messy collapse of Carillion, infrastructure plays such as Costain have not been especially in favour.
Things could be worse for the construction and engineering firm, which indicated at May's annual general meeting that it was trading in line with expectations.
City analysts expect a little bit of slippage in the order book from the £3.9bn position reported in March but explain that this due more to the timing of contract wins and regulatory spend period.
The company describes itself as “the smart infrastructure solutions company” and having moved into a new technology centre in Somerset in the middle of June, Tuesday's statement may contain more detail on the “cutting edge technology solutions” it is now able to provide as a result of broadening its activities.
The company has won a number of contracts over the past month or so, including the M6 J21a-26 smart motorway contract and Motorway Incident Detection and Automated Signalling technology systems contract for Highways England.
Significant announcements expected on Tuesday July 3:
Trading update: Costain Group PLC (LON:COST)
Interims: Harwood Wealth Management Group PLC (LON:HW.), RM Plc (LON:RM), St Modwen Properties PLC (LON:SMP)
Finals: Cohort PLC (LON:CHRT), Solid State PLC (LON:SQU)
Traffic stats: Wizz Air PLC (LON:WIZZ)
Economic data: UK construction PMI; US factory orders