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Balfour Beatty PLC (BALF.L)

BALF.L on London Stock Exchange

231.00GBp
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Latest Key Developments (Source: Significant Developments)

Balfour Beatty Awarded $167 Mln Contract by North Carolina Department of Transportation
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY PLC - HAS BEEN AWARDED $167 MILLION CONTRACT BY NORTH CAROLINA DEPARTMENT OF TRANSPORTATION TO CONSTRUCT U.S. 70 HAVELOCK BYPASS.  Full Article

Balfour Beatty H1 Underlying Pretax Profit 64 Mln Stg Vs 56 Mln Stg Year Ago
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - Balfour Beatty PLC ::H1 UNDERLYING PRETAX PROFIT 64 MILLION STG VERSUS 56 MILLION STG YEAR AGO.ON TRACK TO DELIVER FULL YEAR PERFORMANCE IN LINE WITH MARKET EXPECTATIONS.HY UNDERLYING PROFIT FROM OPERATIONS (PFO) INCREASED 9% TO £72 MILLION (2018: £66 MILLION).INCREASING FULL YEAR AVERAGE NET CASH GUIDANCE RANGE BY £50 MILLION TO £280 - £300 MILLION.HY TOTAL PRETAX PROFIT 63 MILLION POUNDS VERSUS 50 MILLION POUNDS AS REPORTED LAST YEAR.HY UNDERLYING PROFIT FROM OPERATIONS (PFO) INCREASED 9% TO £72 MILLION (2018: £66 MILLION).INTERIM DIVIDEND PAYMENT UP 31% TO 2.1 PENCE (2018: 1.6 PENCE).TRADING ENVIRONMENT FOR BALFOUR BEATTY'S CHOSEN MARKETS AND CAPABILITIES REMAINS FAVOURABLE.DECISIONS TO PROCEED WITH HS2 AND HEATHROW EXPANSION WOULD SIGNIFICANTLY IMPROVE OUTLOOK.BALFOUR - ALLEGATIONS HAVE BEEN REPORTED REGARDING PROCESSING OF PROPERTY MAINTENANCE WORK ORDERS, INCENTIVE FEES AT TWO AIR FORCE BASES.TAKES THESE ALLEGATIONS ON TWO US AIR FORCE BASES VERY SERIOUSLY.BALFOUR - BBC HAS APPOINTED EXTERNAL COUNSEL TO EXAMINE BASES MATTER AND TO WORK WITH APPROPRIATE AUTHORITIES AND MILITARY SERVICES.BALFOUR BEATTY - HY STATUTORY REVENUE, WHICH EXCLUDES JOINT VENTURES AND ASSOCIATES, WAS £3,397 MILLION (2018: £3,220 MILLION).HY UNDERLYING REVENUE WAS BROADLY FLAT AT £3,881 MILLION (UP 1%, DOWN 2% AT CER; 2018: £3,836 MILLION)..REPORTS ARE "NOT REPRESENTATIVE OF HIGH STANDARDS OF CUSTOMER SERVICE AND CONDUCT OF 1,200 DEDICATED STAFF ACROSS BBC".  Full Article

Balfour Beatty Signs $780 Mln Construction Agreement
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY SIGNS $780 MILLION CONSTRUCTION AGREEMENT TO DELIVER BROWARD COUNTY CONVENTION CENTER EXPANSION AND HEADQUARTERS HOTEL.BALFOUR BEATTY - CURRENT ENABLING PROJECTS & SITE WORK WILL CONTINUE THROUGH SPRING OF 2020 WITH CONSTRUCTION SCHEDULED TO END IN SPRING OF 2023.  Full Article

Balfour Beatty Communities Appoints Outside Counsel To Probe Tinker Air Force Base Allegations
Monday, 15 Jul 2019 

July 15 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY COMMUNITIES APPOINTED HUNTON ANDREWS KURTH LLP AS OUTSIDE COUNSEL TO INVESTIGATE TINKER AIR FORCE BASE ALLEGATIONS.  Full Article

Balfour Beatty Awarded 37 Mln Stg Contract To Deliver Two Community Hospitals In Scotland
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY AWARDED £37 MILLION CONTRACT TO DELIVER TWO COMMUNITY HOSPITALS IN SCOTLAND.WORKS ARE DUE TO COMMENCE THIS SUMMER WITH COMPLETION EXPECTED IN SPRING 2021.  Full Article

Fluor Joint Venture Selected For $1.7 Billion I-635 LBJ East Infrastructure Project In Dallas
Friday, 31 May 2019 

May 30 (Reuters) - Fluor Corp ::FLUOR JOINT VENTURE SELECTED FOR $1.7 BILLION I-635 LBJ EAST INFRASTRUCTURE PROJECT IN DALLAS.FLUOR CORP - ANTICIPATES COMPANY WILL BOOK CONTRACT VALUE IN Q3 OF 2019.FLUOR CORP - SUBSTANTIAL COMPLETION OF I-635 LBJ EAST INFRASTRUCTURE PROJECT IS ANTICIPATED IN SECOND HALF OF 2024.FLUOR - FLUOR TEAM'S SCOPE OF WORK INCLUDES WIDENING AND FULL RECONSTRUCTION OF ABOUT 11 MILES OF I-635.  Full Article

Balfour Beatty On Track To Deliver Performance In Line With FY Expectations
Thursday, 16 May 2019 

May 16 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY PLC - BALFOUR BEATTY AGM TRADING UPDATE.BALFOUR BEATTY PLC - ON TRACK TO DELIVER PERFORMANCE IN LINE WITH FULL YEAR EXPECTATIONS..  Full Article

Balfour Beatty Disposes 50% Stake In Borden Data Centre In Canada
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY ANNOUNCES DISPOSAL OF 50% STAKE IN BORDEN DATA CENTRE IN CANADA.BALFOUR'S 50% INTEREST, AND REMAINING 50% INTEREST HELD BY FORUM EQUITY PARTNERS, HAS BEEN ACQUIRED BY FIERA INFRASTRUCTURE INC.  Full Article

Balfour Beatty Secures 102 Mln Stg Queen Elizabeth Olympic Park Regeneration Contract
Monday, 8 Apr 2019 

April 8 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY AWARDED £102 MILLION QUEEN ELIZABETH OLYMPIC PARK REGENERATION CONTRACT.GROUND PREPARATION WORKS ON OLYMPIC PARK REGENERATION CONTRACT COMMENCED IN EARLY 2019 WITH COMPLETION EXPECTED IN SPRING 2021.AT CONSTRUCTION PEAK, OLYMPIC PARK REGENERATION CONTRACT WILL EMPLOY 500 PEOPLE WITH 7% OF ITS WORKFORCE FORMED OF APPRENTICES.  Full Article

Zur Rose Group Expects Sales Of CHF 1.6 Billion In 2019
Thursday, 21 Mar 2019 

March 21 (Reuters) - Zur Rose Group AG ::FY REVENUE OF CHF 1,207.1 MILLION SIGNIFICANTLY EXCEEDED BILLION SWISS FRANC THRESHOLD AND GREW BY 22.8 PER CENT.FY EBITDA WAS MINUS CHF 12.5 MILLION; NET INCOME / (LOSS) WAS MINUS CHF 39.1 MILLION.COMPANY AIMS TO DOUBLE ITS 2018 SALES BY 2022.EBITDA TARGET MARGIN FOR 2022 IS 5 TO 6 PERCENT, CORRESPONDING TO CHF 120 MILLION TO CHF 150 MILLION.OUTLOOK 2019: EXPECTS SALES OF CHF 1.6 BILLION (INCLUDING MEDPEX'S TOTAL ANNUAL SALES).OUTLOOK 2019: FOCUS REMAINS ON GROWTH, WITH AIM OF ACHIEVING BREAK-EVEN AT EBITDA LEVEL.  Full Article

UPDATE 2-Balfour Beatty defies UK construction gloom with stellar results

* Shares rise 13% (Adds CEO, analyst comments on Brexit, Hong Kong protests, UK construction, shares)