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Balfour Beatty PLC (BALF.L)

BALF.L on London Stock Exchange

277.00GBp
13 Dec 2017
Change (% chg)

1.50 (+0.54%)
Prev Close
275.50
Open
276.00
Day's High
279.80
Day's Low
274.10
Volume
2,166,976
Avg. Vol
2,303,360
52-wk High
298.90
52-wk Low
252.50

Latest Key Developments (Source: Significant Developments)

Balfour Beatty Says 2017 Performance Remains In Line With Expectations​
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Balfour Beatty Plc ::‍GROUP PERFORMANCE IN 2017 REMAINS IN LINE WITH BOARD EXPECTATIONS​.‍SECOND PHASE OF BUILD TO LAST TRANSFORMATION PROGRAMME IS CONTINUING TO DELIVER FUNDAMENTAL CHANGE TO GROUP​.‍CONFIDENT OF ACHIEVING INDUSTRY-STANDARD MARGINS IN SECOND HALF OF 2018​.‍YEAR END NET CASH IS EXPECTED TO BE IN LINE WITH PRIOR YEAR, WITH AVERAGE NET CASH FOR YEAR AROUND £40 MILLION​.‍2017 YEAR END ORDER BOOK IS EXPECTED TO BE BROADLY IN LINE WITH HALF YEAR, POST DISPOSALS​.  Full Article

Balfour says formally awarded 287 mln stg contract by University of Manchester
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Balfour Beatty Plc ::BALFOUR BEATTY - ‍HAS BEEN FORMALLY AWARDED £287 MILLION CONTRACT BY UNIVERSITY OF MANCHESTER TO CONSTRUCT MANCHESTER ENGINEERING CAMPUS DEVELOPMENT​.  Full Article

‍Balfour Beatty's Far East JV wins 97 mln pound contract for development of Fullerton Ocean Park Hotel Hong Kong​
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Balfour Beatty Plc :‍BALFOUR BEATTY FAR EAST JOINT VENTURE WINS HK$1 BILLION (C. £97M) CONTRACT FOR DEVELOPMENT OF FULLERTON OCEAN PARK HOTEL HONG KONG​.CONTRACT WAS AWARDED BY PARKLAND (HONG KONG) LTD ; PROJECT IS EXPECTED TO BE COMPLETED IN 2021.​.  Full Article

Balfour Beatty wins $260 mln US commercial and residential scheme in Miami​
Wednesday, 4 Oct 2017 

Oct 4 (Reuters) - BALFOUR BEATTY PLC ::‍AWARDED $260 MLN (C. £193 MLN) US COMMERCIAL AND RESIDENTIAL SCHEME IN MIAMI​.‍CONSTRUCTION IS EXPECTED TO COMMENCE IN LATE 2017 AND IS SCHEDULED FOR COMPLETION IN Q4 OF 2019​.  Full Article

Balfour CEO says some new UK infrastructure orders delayed after Brexit
Wednesday, 17 Aug 2016 

Balfour Beatty Plc CEO says there has been a delay in placing of new UK infrastructure orders after Brexit Further company coverage:.  Full Article

Balfour Beatty restarts dividends, says no Brexit impact yet
Wednesday, 17 Aug 2016 

Balfour Beatty Plc : Interim dividend 0.9 pence per share . H1 underlying pretax profit 7.0 mln stg versus -130 mln stg loss year ago . Order book 12.4 bln stg, up 7 pct at constant exchange rates (CER) 3 whilst maintaining disciplined bidding practices . H1 underlying revenue 4.02 Bln stg, down 6 pct at CER . 182 mln stg to be paid over 8 years (previous agreement: 376 mln stg) . Over following 24 months, I am confident we can reach industry-standard margins - CEO . Brexit and, given late cycle nature of construction industry it is too soon for clarity as to what, if any, direct impact decision will have . Ratio of interim to final dividend to be approximately 1:2 . Board anticipates a progressive dividend policy going forward . Delivered our second successive half of underlying profitability, on track to achieve our initial targets of 200 mln stg cash in: 100 mln stg cost out - CEO .Whilst sale of parsons brinckerhoff in late 2014 provided liquidity to balance sheet, cash situation for group remained a challenge.  Full Article

Balfour Beatty awarded $697m U.S. caltrain contract
Tuesday, 16 Aug 2016 

Balfour Beatty Plc : Balfour Beatty awarded $697m caltrain contract . Awarded $697 million (c.£524m) contract to electrify caltrain rail corridor . A workforce of over 300 will be employed at project peak which will include 50 apprentice opportunities . This is largest contract secured by Balfour Beatty in U.S. .Project is due to start this autumn with completion expected in spring 2020.  Full Article

International Public Partnerships says acquires 10 Building Schools for Future interests
Friday, 1 Jul 2016 

International Public Partnerships Ltd : Announce that it has agreed to acquire ten Building Schools for Future ("BSF") investments from Balfour Beatty . Transaction will transform INPP into a majority investor in BSF .Inpp will commit up to £72.6 million to transaction to acquire investment interests in a total of 14 uk schools.  Full Article

Balfour Beatty says sells entire interest in infrastructure fund to Wafra
Friday, 1 Jul 2016 

Balfour Beatty Plc : Balfour Beatty disposal from investments portfolio . Today announces it has exited in full from Balfour Beatty Infrastructure Partners Llp . Sale of fund interest to Wafra is for an initial cash consideration of $64.4 mln .Proceeds of transaction will be retained within Balfour Beatty Group..  Full Article

Balfour Beatty says overall trading remains in line with expectations
Thursday, 19 May 2016 

Balfour Beatty Plc : Continues to make good progress on build to last transformation programme, . Overall trading remaining in line with expectations . Order book is expected to show some growth in first half due to good order intake in us, whilst uk construction order book is expected to be broadly stable . Overall trading remaining in line with expectations . Group order book is expected to show some growth in first half due to good order intake in us .Uk construction order book is expected to be broadly stable..  Full Article