M25 operator nets record profit despite traffic jams and weekend closures November 17, 2024 Connect Plus's bumper earnings come despite a number of significant weekend closures and problems with traffic jams on the UK's busiest motorway.
Balfour Beatty wins £575m contract to rebuild major interstate highway in Texas November 5, 2024 Balfour Beatty has won a contract valued at more than half a billion to rebuild part of Interstate 35, the major Interstate Highway running through central US, in Texas The deal, valued at £575m and awarded by the Texas Department of Transportation, will see a four-kilometre section of the route on the south side of [...]
Autumn Budget: Company directors race to dump shares ahead of tax raid October 24, 2024 Fresh analysis has found company directors of listed companies are racing to sell shares ahead of a widely anticipated capital gains tax raid in next week’s Autumn Budget. Between 1 September and 22 October, the value of sell and buy transactions in directors of UK-listed companies in their own firm’s shares was £345.5m and £63m [...]
Balfour Beatty awarded part of National Grid’s upgrade project September 13, 2024 International infrastructure group Balfour Beatty has been awarded a £363m contract as part of National Grid’s RIIO-2 framework. The contract is part of the Bamford to Twinstead Reinforcement project, which aims to reinforce East Anglia’s electricity network as part of the country’s green energy build-out. The company will replace the existing electricity network with a [...]
Balfour Beatty bullish on UK infrastructure outlook as profit hits £98m August 14, 2024 Investors were concerened after Chancellor Rachel Reeves unveiled plans to axe a string of UK infrastructure projects last month.
Balfour Beatty: Key projects with BP, Equinor and Rolls-Royce help construction giant trade in line May 9, 2024 Balfour Beatty is forecasting an increase in profit and earnings in 2024 as progress continues on several major UK projects.
Strong outlook for construction gives Balfour Beatty room to return cash to investors March 13, 2024 Balfour Beatty's profit fell in 2023 as the infrastructure giant grappled with difficult macroeconomic conditions in major markets.
Balfour Beatty ‘unaffected’ by HS2 setbacks in optimistic trading update December 7, 2023 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 August 16, 2023 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 [...]