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
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
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
FTSE 100 closes 2017 at fresh record; Wall Street continues to power north
London shares closed at new records as traders now turn attention to 2018
Builders and building materials
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."
FTSE 100 closes higher as energy stocks provide a boost; supermarkets weigh
Robert Walters sprang a pleasant surprise on the market with an unscheduled trading update.
Archive
UK inflation numbers key Bank of England pointer as Federal Reserve starts final meeting of 2017
Day Ahead includes latest UK inflation numbers, plus the start of the last two-day Federal Reserve meeting of 2017, plus updates from Ashtead Group and Balfour Beatty
Archive
Federal Reserve Grinch to dominate among upcoming central bank rate decisions
The Week Ahead will be dominated by interest rate decisions from the US Federal Reserve, Bank of England and ECB, plus UK inflation and results from Ashtead Group, TUI, and Dixons Caphone among others
FTSE 100 closes up but optimism not "particularly high"
FTSE 100 ended in positive territory, having been lower earlier,..
Builders and building materials
Balfour Beatty sells Blackpool Airport to Blackpool Council for £4.25mln
Balfour Beatty had struggled to offload the loss-making airport for many years
Builders and building materials
Stronger bidding discipline helped contractor Balfour Beatty return to profit in the first half
Neil Wilson, senior market analyst at ETX Capital pointed out: “Construction is all about margins and bidding too aggressively for work cost Balfour dearly for a couple of loss-making years in which it delivered seven profit warnings."
Bushveld Minerals on the front foot, Toople on the back foot
A look at some of the biggest risers and fallers in London today
Builders and building materials
Balfour Beatty shares up as it posts return to first half profit led by recovery in UK construction business
The FTSE 250-listed firm posted a total pre-tax profit of £12mln for the six months to June 30, a turnaround from a loss of £15mln a year earlier, as revenue rose to £4.201bn
FTSE 100 holds steady to close 49 ahead with miners in support
The FTSE 100 closed up 49.18 at 7,433 after UK jobs data beats expectations
Archive
UK wages and jobs data in focus on Wednesday
Average earnings growth and unemployment rates are expected to remain unchanged in the second quarter at 2% and 4.5% respectively
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UK economic health eyed from inflation, jobless numbers; Kingfisher updates on trading
Week ahead includes UK inflation, unemployment, average earnings data; trading update from Kingflsher PLC, interims from Hargreaves Lansdown PLC, Admiral PLC ...
Builders and building materials
Balfour Beatty and Carillion both get multi-billion pound HS2 rail contracts boost
Balfour Beatty said the £2.5bn contracts have been awarded to its 50/50 joint venture with France's Vinci SA, with work scheduled to start in 2018/19
Archive
Pension scheme front and centre for Royal Mail Group PLC
Week ahead: Royal Mail, Burberry, SSE, Mitchells and Butlers, easyJet ...
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Day ahead: Debenhams, Unilever and Sky results in focus
Debenhams, Unilever and Sky are set to take centre stage with their latest results on Thursday
Archive
Primark to keep the ball rolling nicely at Associated British Foods
Week ahead; Associated British Foods , Sky , Unilever Burberry, Reckitt Benckiser...
Builders and building materials
Costain favoured over Balfour Beatty and Carillion by Jefferies
Balfour Beatty and Carillion are now both fairly priced, but Jefferies has turned bullish on Costain