Contracts stable at Balfour Beatty

Contractor Balfour Beatty, which earlier this week won a £50m contract to manage some of the Olympic legacy venues, said yesterday its order book had remained stable in 2011 at over £15m, as increases in its US construction orders were offset by reductions in UK orders. In an update for the year to 31 December the group said trading was in line with expectations, and that average net cash for the year was around £200m.