Company
Balfour Beatty plc
LON:BBY
Balfour Beatty is a diversified engineering, construction and services company with operations in the UK, Europe, the US, South-East Asia, Australia and the Middle East. Balfour Beatty is traded in the ISDX Exchange HERE
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Builders and building materials
HS2 axe to fall in Sunak speech at Tory conference, say reports
Alternatives include a switch to using the West Coast rail line track past Birmingham
Builders and building materials
HS2 confusion continues as Sunak bides time over decision
Speculation has built that HS2's northern leg to Manchester could be axed to save on costs
Builders and building materials
UK Govt ‘not delivering fast enough’ on infrastructure goals - report
A lack of long-term policy risks prompting the UK to miss net-zero targets and growth opportunities, the National Infrastructure Commission said
Builders and building materials
Balfour Beatty engineers add to rail woes with March strikes
100 engineers from Balfour Beatty will strike for a combined four and a half days in March, as strikes continue to sweep across different sectors
Builders and building materials
Balfour Beatty has many reasons for future success- Jefferies analysts
Balfour Beatty PLC is set to provide an “enhanced opportunity” to investors, according to Jefferies analysts
Builders and building materials
Balfour Beatty named sole winner of public sector civil engineering contracts worth up to £4bn
The two SCAPE contracts cover a period of four years, with an option for a two-year extension
Builders and building materials
Balfour Beatty shares climb on profit boost and uptick in orders
The infrastructure stalwart increased the profitability of its construction arm in the first half and grew its order book by 10%
Builders and building materials
Balfour Beatty enjoys strong cash performance in 2022
Leo Quinn, Balfour Beatty group chief executive, said: "We remain confident that the group is well-positioned for 2022 and beyond
Builders and building materials
Elizabeth Line to open on 24 May but beware of engineering works
"This is the most significant addition to our transport network in decades," said London's mayor, Sadiq Khan.
Builders and building materials
Balfour Beatty to pay US$65mln after admitting defrauding US military
“Instead of promptly repairing housing for U.S. servicemembers as required, Balfour Beatty Communities lied about the repairs to pocket millions of dollars in performance bonuses,” said Deputy Attorney General Lisa O. Monaco
Builders and building materials
Balfour Beatty says trading in line with pre-pandemic levels
The order book is expected to be around £15.5bn at the end of the year
Builders and building materials
Balfour Beatty secures sustainability-linked £375mln loan
The group said it’s the largest loan of this kind in the UK construction industry to date
Builders and building materials
Balfour Beatty hikes dividend after swinging to half-year profit
Full-year profits are already expected to reach 2019 levels
Housebuilders and inflation data to dominate mid-week calendar
Balfour Beatty, Persimmon and Hochschild Mining are all due to release interim results
Builders and building materials
Balfour Beatty resumes disposals from its £1.1bn infrastructure investments asset portfolio
The group expects to dispose of further assets in the second half of the year
Builders and building materials
Balfour Beatty increases buyback by £50mln as cash pile rises
Orders have risen to a record £16.4bn said the contractor
Builders and building materials
HS2 to be extended 36 miles to Crewe
Environmental campaigners have recently taken to hiding in tunnels underneath Euston Station in protest
Builders and building materials
Balfour Beatty bounces as builder restores dividend amid second half recovery
The construction company said it expects full-year profit will be in line with the board's expectations
Archive
Balfour Beatty, Victrex and Stagecoach the stars on quieter Wednesday
Wednesday's company news diary is a little empty ahead of a heavier Thursday, however, a few major names will provide some interest for investors
Boris Johnson’s wind electricity target not so ambitious, say analysts
At the current capacity growth rate and consumption levels, all UK homes would be powered by wind in 2024 already
Builders and building materials
Balfour Beatty says Gammon venture lands £1.27bn airport expansion contract in Hong Kong
It is Gammon's largest-ever single contract, the company said
Builders and building materials
Balfour Beatty expects to return to 2019 levels in a year’s time after swinging to H1 loss
In the six months to June 26, 202, the construction firm's revenue dipped by 6% to £4.1bn but last year’s £63mln pre-tax profit swung to a £26mln loss
Builders and building materials
Balfour Beatty keeps operations going following government safety guidelines
The final dividend for 2019 has been postponed while the board took a salary cut
Builders and building materials
Balfour Beatty expects £3bn boost from HS2
Orders rose by 13% to £14.3bn with Balfour set to be prime beneficiary from the HS2 green light.
UK budget: “time to act boldly with fiscal policy” amid coronavirus outbreak
On the company agenda, there will be results from the likes of Prudential and Balfour Beatty
Builders and building materials
Balfour Beatty nudges up profit guidance as orders swell
Full-year profit from operations will be slightly ahead of expectations, with a higher year-end order book compared to 2018
Builders and building materials
Balfour Beatty bounces back with 31% dividend hike
The order book increased 5% during the half-year to £13.2bn, driven by wins for the US construction business and the support services unit’s track renewal contract with Network Rail
Builders and building materials
Balfour Beatty appoints lawyers to investigate allegations about US air base
Democrat Senator Elizabeth Warren has been pushing for an official inquiry into the UK company’s conduct after a report alleged that Balfour kept falsified records at Oklahoma’s Tinker Air Force Base to help it secure contract bonuses
Builders and building materials
Balfour Beatty joint venture conditionally selected to deliver $1.7bn Interstate 635 LBJ East project in Texas
The FTSE 250-listed group said the full contract award is expected in autumn 2019 with works due to commence in early 2020, and substantial completion scheduled for late 2024
Archive
Burberry, Kingfisher, Thomas Cook and Aston Martin in focus in week ahead
The week ahead's highlights include updates from Burberry, Land Securities, British Land, Premier Foods, Experian, Kingfisher, Aston Martin, Dignity, Centrica, Thomas Cook, On the Beach and Countryside Properties.
Builders and building materials
Balfour Beatty selected as preferred bidder for £1.5bn Network Rail contract
Balfour Beatty said it expects a full contract award to be confirmed in the second quarter of 2019 and works to begin later this year
Builders and building materials
Balfour Beatty jumps as transformation plan helps lift profits in 2018
The FTSE 250 construction firm has been engaged in a turnaround strategy since 2015 that has aimed to secure higher margin contracts
FTSE 100 closes marginally higher ahead of next Parliamentary vote on Brexit
The January US Durable Goods Orders and Shipments Report showed that business equipment investment got off to a sluggish start this year, Berenberg Capital Markets noted
Archive
Spring Statement to dominate on Wednesday amid fallout from Brexit deal vote
While major fiscal measures are not expected, the result of Tuesday's vote on Theresa May's Brexit deal could put the chancellor on the spot
Archive
Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
Investments and investor services
Science Group takes down the 'for sale' sign
A look at the day's major movers, including Photonstar, Capita, IHG, GVC, Reach and Balfour Beatty
Builders and building materials
Balfour Beatty raises full year guidance as it pockets gains from disposals
"The actions we have taken since the start of 2015 have created a strong foundation for the future," said Balfour Beatty chief executive Leo Quinn
Investments and investor services
FTSE 100 closes lower as China and Europe worries sends global equities down
Barratt Developments lost 2.69 points at 440.50p , while Persimmon also dropped 2.69% at 1,897p.
Archive
Balfour Beatty investors looking for more reassurance in Friday’s update
The penultimate Friday looks unsurprisingly like being a quiet one, but Balfour Beatty is due to publish a trading update and investors will be looking for more reassurance from the contractor
Archive
All eyes on UK parliament as Brexit deal circus reaches final act
Aside from the crucial Brexit vote, the Week Ahead will also bring UK labour market data, an ECB council meetings and updates from TUI, WPP, Dixons Carphone, Superdry, Ocado and BAT
Builders and building materials
Balfour Beatty aims to reassure on debt situation, says completed repayment of £252.7mln convertible bond
The FTSE 250-listed firm said that as a result of the convertible bond repayment, it has now paid down 45% of its gross debt in the last 12 months
Builders and building materials
Balfour Beatty wins £425mln of motorway build work
The contractor has been selected for the B6 contract in the south-east, worth up to £1.1bn, and B8 in the north, worth £2bn
Builders and building materials
Balfour Beatty appointed to two new civil engineering frameworks with combined total revenue value of up to £2.1bn
The Scape national civil engineering framework, valued at £1.6bn, covers England, Wales and Northern Ireland, while another in Scotland is worth £500mln
FTSE 100 closes higher as traders come back to equities
It was around that level most of the day and closed at 7,304 - that's up around 0.37% on the week
Builders and building materials
Balfour Beatty bouncing back but under pressure to grow margins further
Many analysts believe Balfour Beatty's restructuring is working but margins in some divisions are at the bottom end of target ranges
Builders and building materials
Balfour Beatty hikes interim dividend 33% as it sounds confident note on outlook
Balfour raised its estimates for cash outflows for the Aberdeen Western Peripheral Route project following the collapse of joint venture partner Carillion
Investments and investor services
FTSE 100 closes deep in red as Turkey/US worries escalate
Footsie closed down 1.49%, or around 114 points, at 7,497 on the day
Archive
UK inflation numbers to provide further back-up to Bank of England interest rate hike
Aside from the July CPI data, corporate updates from motor insurer Admiral, generics drugmaker Hikma Pharmaceuticals, and contractor Balfour Beatty are also due on Tuesday
Archive
Heatwave should provide a lift for BBQ and garden products at retailer Kingfisher
Aside from the DIY retailer's numbers, the Week Ahead diary includes updates from miner Antofagasta, and motor insurers Admiral and esure, plus a raft of key UK data
Builders and building materials
Barclays initiates coverage on Keller, Balfour Beatty and Kier Group
Contractors are not exactly flavour of the year following Carillion's collapse but Barclays has decided to initiate coverage on three of the big players
Builders and building materials
Balfour Beatty trading in line with expectations as restructuring makes progress
Balfour Beatty said the completion of the Aberdeen Western Peripheral Road project is still expected this summer despite the collapse of joint venture partner Carillion
Galliford Try still suffering from the Carillion curse
"Following the successful completion of the recent rights issue, the group is well capitalised with a strengthened balance sheet to support our planned growth," said Peter Truscott, the CEO of Galliford Try
Builders and building materials
Balfour Beatty's 2017 profits jump on US tax cuts and sale of stake in M25 operator
Balfour recognised a one-off provision of £44mln last year stemming from the liquidation of Carillion
Investments and investor services
FTSE 100 closes in red as Wall Street suffers, but miners show support
FTSE 100 closed down around six points at 7,132 but big cap miners were up
Morrisons is not the basket case it once was
Previews of results statements from supermarket chain, Morrisons; insurer behemoth, the Pru, and infrastructure contractor, Balfour Beatty
Archive
Chancellor's Spring Statement unlikely to include big spending plans, says think-tank
The week ahead includes the UK's budget statement and earnings from Morrisons, Prudential, Cairn Energy, Cineworld, Savills, Wetherspoons, Balfour Beatty and Fevertree
Archive
Proactive mining highlights: ECR Minerals, Asiamet Resources, Rainbow Rare Earths Limited…
A look at the week’s highlighted news for the junior miners
Builders and building materials
Balfour Beatty sells further stake in motorway operator Connect Plus to private equity
The FTSE 250-listed infrastructure group said that a 5% stake in Connect Plus had been sold to funds managed by Equitix Investment Management Ltd for £42mln
Builders and building materials
Balfour Beatty joint venture secures US$1.95bln Los Angeles International Airport contract
The contract includes the designing and building of a 2.25 mile long, above ground airport transport system to connect the LAX central terminal area to a rental car facility, six stations and a vehicle maintenance facility
Builders and building materials
John Laing to take £3mln hit to replace insolvent Carillion as facilities manager on projects
“The company will continue to manage the situation as it develops and provide further updates as appropriate,” John Laing said
HICL says Carillion collapse has triggered loan defaults on joint projects
HICL expects a further £50mln hit from the demise of Carillion
Builders and building materials
Balfour Beatty to get double-digit boost from US tax changes
The engineering and construction group sees big windfall in the US, giving its shares a lift
Builders and building materials
Galliford Try and Balfour to take £85mln hit from Carillion’s collapse
Galliford, Balfour and Carillion were working together on a new road in Aberdeen, while the latter two have a couple of other ongoing projects as well