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 [...]
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 [...]