Balfour Beatty: Key projects with BP, Equinor and Rolls-Royce help construction giant trade in line Infrastructure Balfour Beatty is forecasting an increase in profit and earnings in 2024 as progress continues on several major UK projects.
Balfour Beatty ‘unaffected’ by HS2 setbacks in optimistic trading update HS2 Balfour Beatty is forecasting higher annual revenue, driven by strong HS2 volumes in the UK and increased major airport activity in Hong Kong.
US slowdown doesn’t hold back Balfour Beatty’s pre-tax profit jump Balfour Beatty Balfour Beatty hailed a nine per cent rise in revenues during its half year results, rising to £4.7bn up from £4.1bn when compared to last year, as the construction firm praised its “diverse portfolio” for the lift. The business which works on trackwork and power supply builds has been less impacted by a slow down [...]
Balfour Beatty wins £1.2bn construction project aimed at easing Thames congestion January 23, 2023 Infrastructure giant Balfour Beatty has been handed a £1.2bn contract to ease congestion over the Thames. The firm secured a deal from National Highways to deliver the project which is called ‘Roads North of the Thames’. More than 10 miles of new highways will be built, connecting the M25 at Junction 29 and the A13 [...]
Building gains: Balfour Beatty lifts end-of-year outlook after profit and revenue boost December 8, 2022 Shares for UK-based infrastructure giant Balfour Beatty were up 2.2 per cent following a boost in expectations for revenue and profit. The construction company said it was five per cent ahead of 2021’s £16.1bn in terms of its order book, as it raised expectations for its full year report. Balfour Beatty also raised prospects for [...]
Profits climb for Balfour Beatty as order book remains strong August 17, 2022 Construction firm Balfour Beatty posted a 10 per cent increase in the order book in the first half of the year to £17.7bn, showing the ongoing momentum in the sector despite inflationary pressures.
Balfour Beatty ‘well positioned’ for growth as trading remains in line with expectations May 12, 2022 Construction firm Balfour Beatty has announced it is “well positioned for 2022 and beyond” as trading continues to be in line with expectations. The group said its book order was at £15.6bn at the end of March and included a £530m construction project in Maryland, US. Between January and April, Balfour Beatty’s average net cash [...]
Balfour Beatty’s results exceed expectations prompting £150m buyback March 10, 2022 Balfour Beatty’s results have exceeded expectations and prompted a £150m share buyback programme, the company said today. In the year ended 31 December, the company’s profits soared 286.3 per cent to £197m, while gains from earnings-based businesses went up to £181m, exceeding analysts’ expectations. “In 2021, despite the challenges presented by Covid-19, we have delivered [...]
Balfour Beatty doubles profit in the first half of 2021 August 18, 2021 Balfour Beatty, a leading international infrastructure group, has doubled its profit for the first half of the year as it steadily recovers from the covid-19 pandemic. Total profit for the period jumped from £20m last year to £51m in the first half of 2021 while profit from operations surged to £60m from a loss of [...]
Balfour Beatty names broadcast boss Lord Allen as new chair May 13, 2021 Infrastructure firm Balfour Beatty this morning announced that businessman and broadcaster Lord Charles Allen would become its next chairman. The FTSE 250 firm said that Allen, a former chief executive of ITV and Granada, would take over as chair in July. A Labour peer, Allen has also been chairman of ISS and EMI Group, as [...]