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
Company
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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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
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 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
Footsie closed down 1.49%, or around 114 points, at 7,497 on the day
Archive
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
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
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 said the completion of the Aberdeen Western Peripheral Road project is still expected this summer despite the collapse of joint venture partner Carillion
"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 recognised a one-off provision of £44mln last year stemming from the liquidation of Carillion
Investments and investor services
FTSE 100 closed down around six points at 7,132 but big cap miners were up
Previews of results statements from supermarket chain, Morrisons; insurer behemoth, the Pru, and infrastructure contractor, Balfour Beatty
Archive
The week ahead includes the UK's budget statement and earnings from Morrisons, Prudential, Cairn Energy, Cineworld, Savills, Wetherspoons, Balfour Beatty and Fevertree
Archive
A look at the week’s highlighted news for the junior miners
Builders and building materials
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
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
“The company will continue to manage the situation as it develops and provide further updates as appropriate,” John Laing said
HICL expects a further £50mln hit from the demise of Carillion
Builders and building materials
The engineering and construction group sees big windfall in the US, giving its shares a lift
Builders and building materials
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