Costain’s AGM trading update confirms the Group is trading in line with expectations, marking a return to top-line growth alongside an industry‑leading adjusted operating margin of 4.0% for FY26. Net cash is now expected to reach c£175m by year‑end, marginally ahead of our £172.3m forecast, despite dividend cash outflows almost doubling and the continuation of the £20m share buyback programme. Activity levels are building across the business, reinforcing confidence in a strong 2H and underlining ....
