Balfour Beatty PLC (BALF.L)
(Adds details) March 16 Balfour Beatty on Thursday said it returned to annual profit on the back of strong growth in its U.S. construction division and an improved performance from its British business in the second half. The company reported pretax profit from continuing operations before one-off items of 60 million pounds ($74 million) for the year to Dec. 31, marking a rebound from a loss of 123 million a year earlier. Balfour has spent two years overhauling
March 16 Balfour Beatty reported a return to annual profit on Thursday as its British construction benefited in the second half from the diminishing impact of loss-making historic contracts. A pretax profit from continuing operations before one-off items of 60 million pounds ($74 million) for the year to Dec. 31 marked a rebound from a loss of 123 million a year earlier. Its order book from continuing operations at constant exchange rates rose 15 percent to 12.7
* Fy order book £12.7bn, up 15% (up 4% at constant exchange rates (cer))
* Balfour Beatty U.S. selected for $100 mln update and expansion of Cleburne independent school district's comprehensive high school
* Has been awarded a 150 million pounds contract by LBS Properties to deliver main construction works of Madison Tower in Canary Wharf, London.
* Mitie hires Sandip Mahajan as CFO, was at Balfour Beatty (Adds CEO and analyst comments, details, updates share move)