Balfour Beatty plc

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Market Cap:
£16.5 m
52 weeks high
52 weeks low

Viewing results 1-25 of 110

Retail & consumer

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 ...

on 14/8/19
Retail & consumer

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...

on 15/7/19
Retail & consumer

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...

on 31/5/19
Retail & consumer

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...

on 14/3/19
Retail & consumer

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...

on 13/3/19
Retail & consumer

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...

on 14/12/18
Retail & consumer

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...

on 4/12/18
Retail & consumer

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...

on 7/11/18
Retail & consumer

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...

on 17/10/18
Retail & consumer

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...

on 15/8/18
Retail & consumer

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 ...

on 15/8/18
Retail & consumer

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...

on 7/6/18
Industry & services

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...

on 22/5/18
Retail & consumer

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...

on 22/5/18
Retail & consumer

Galliford Try rights issue targets £157mln to cover shortfall from Carillion joint venture

Shareholders will have the right to acquire one additional Galliford Try share for every three shares they own, with the new shares priced at 568p each...

on 27/3/18
Retail & consumer

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 ...

on 14/3/18
Retail & consumer

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...

on 19/2/18
Retail & consumer

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...

on 16/2/18
Retail & consumer

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...

on 29/1/18

HICL says Carillion collapse has triggered loan defaults on joint projects

HICL expects a further £50mln hit from the demise of Carillion ...

on 26/1/18
Retail & consumer

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...

on 18/1/18
Retail & consumer

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...

on 15/1/18

Carillion collapse puts contracts at risk but presents opportunities for sector peers

Carillion's contracts, joint venture partners and lenders are hanging in the balance after confirming its collapse...

on 15/1/18
Retail & consumer

Balfour Beatty sells additional stake in Connect Plus

The profit from the latest sale is expected to be £32mln and the proceeds will be used to pay down debt...

on 29/12/17
Retail & consumer

Balfour Beatty shares move higher as it sells stake in M25 operator

"This transaction emphasises the ongoing attractiveness of our infrastructure assets and is in line with our declared intent to maximise value for shareholders."...

on 21/12/17