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Balfour Beatty PLC (BALF.L)

BALF.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Balfour Beatty Awarded 15 Mln STG Contract By Audley Group
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY PLC - BALFOUR BEATTY COLLABORATES TO SECURE SECOND PHASE OF COOPER’S HILL RETIREMENT DEVELOPMENT.BALFOUR BEATTY - AWARDED £15 MILLION CONTRACT BY AUDLEY GROUP TO DELIVER SECOND PHASE OF COOPER'S HILL RETIREMENT DEVELOPMENT IN ENGLEFIELD GREEN, SURREY.  Full Article

Balfour Beatty Says Co Awarded 10 Mln Stg Contract For Midlands Metropolitan Hospital
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY AWARDED £10 MILLION CONTRACT FOR MIDLANDS METROPOLITAN HOSPITAL.CONTRACT AWARD FOLLOWS CONTINGENCY MEASURES BY SANDWELL AND WEST BIRMINGHAM HOSPITALS NHS TRUST TO DEAL WITH CARILLION LIQUIDATION.CO'S EARLY WORKS CONTRACT WILL RUN UNTIL SPRING 2019.AT PEAK CONSTRUCTION OF HOSPITAL CO WILL EMPLOY A 50 STRONG WORKFORCE AND A RANGE OF LOCAL SUPPLY CHAIN PARTNERS.  Full Article

Balfour Beatty Contracted By Zom Senior Living For First Phase Of Wellington Green Senior Living
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY PLC - ZOM SENIOR LIVING CONTRACTED CO AS CONSTRUCTION MANAGER FOR FIRST PHASE OF WELLINGTON GREEN SENIOR LIVING.  Full Article

Balfour Beatty To Sell 50 Pct Interest In Fife Hospital
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Balfour Beatty PLC ::ANNOUNCES SALE OF 50% INTEREST IN FIFE HOSPITAL.TODAY ANNOUNCES COMPLETION OF SALE OF ITS 50% STAKE IN FIFE HOSPITAL FOR A CASH CONSIDERATION OF £43 MILLION, WHICH IS IN EXCESS OF DIRECTORS' VALUATION AS AT 30TH JUNE 2018..EXPECTED PROFIT ON DISPOSAL ON THIS TRANSACTION IS £22 MILLION..  Full Article

Balfour Beatty Wins 30 Mln Stg Contract For University Facility In Glasgow
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY PLC - SECURES CONTRACT FOR £60M STATE OF ART LEARNING AND TEACHING FACILITY IN GLASGOW.BALFOUR BEATTY PLC - CONTRACT, WORTH £33M, HAS BEEN AWARDED THROUGH STRATHCLYDE UNIVERSITY'S MAJOR BUILDING CONSTRUCTION FRAMEWORK.BALFOUR BEATTY PLC - WORK ON TEACHING FACILITY IS DUE TO COMMENCE ON SITE LATER THIS YEAR, WITH COMPLETION EXPECTED IN SUMMER 2020.BALFOUR BEATTY PLC - PROJECT ON TEACHING FACILITY WILL EMPLOY A WORKFORCE OF OVER 200 AT CONSTRUCTION PEAK.  Full Article

Balfour Beatty Says Selected By Midlands Highway Alliance To Deliver Transport Infrastructure
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - Balfour Beatty PLC ::SELECTED BY MIDLANDS HIGHWAY ALLIANCE TO DELIVER VITAL TRANSPORT INFRASTRUCTURE AS PART OF ITS NEW £500 MILLION MEDIUM SCHEMES FRAMEWORK.  Full Article

Balfour Beatty's HY Underlying Oper Profit Rises 69 Pct
Wednesday, 15 Aug 2018 

Aug 15 (Reuters) - Balfour Beatty Plc ::H1 UNDERLYING PRETAX PROFIT FROM CONTINUING OPERATIONS 56 MILLION STG VERSUS 22 MILLION STG YEAR AGO.INTERIM DIVIDEND UP 33 PERCENT TO 1.6 PENCE PER SHARE.HY UNDERLYING PROFIT FROM OPERATIONS (PFO) INCREASED BY 69% TO £66 MILLION.HY ORDER BOOK INCREASED 11% TO £12.6 BILLION (2017: £11.4BN).HY TOTAL PRETAX PROFIT 50 MILLION STG VERSUS 12 MILLION STG YEAR AGO.BUSINESSES ARE NOW EITHER ACHIEVING INDUSTRY STANDARD MARGINS OR ON TRACK TO DO SO IN SECOND HALF.GROUP'S FULL YEAR EARNINGS WILL MEET EXPECTATIONS.RAISING INTERIM DIVIDEND BY 33% AND PLAN TO REPAY OUTSTANDING CONVERTIBLE BONDS THIS YEAR.HY TOTAL REVENUE 3.84 BILLION STG VERSUS 4.20 BILLION STG YEAR AGO.FOR INFRASTRUCTURE INVESTMENTS, DURING PHASE TWO OF BUILD TO LAST, GROUP WILL CONTINUE TO SELL ASSETS.CO AND ITS REMAINING JV PARTNER ON AWPR PROJECT, GALLIFORD, BECAME JOINTLY LIABLE TO DELIVER CARILLION'S REMAINING OBLIGATIONS.GROUP NOW HAVING A 50% INTEREST IN AWPR CONTRACT.IN FIRST SIX MONTHS OF YEAR, BALFOUR BEATTY RECOGNISED AN ADDITIONAL £23 MILLION LOSS ON AWPR PROJECT.OVERALL, TRADING ENVIRONMENT FOR BALFOUR BEATTY'S CHOSEN MARKETS AND CAPABILITIES REMAINS FAVOURABLE.IN UK, GOVERNMENT POLICY IS HELPING TO DRIVE A STRONG PIPELINE OF MAJOR INFRASTRUCTURE PROJECTS IN TRANSPORT AND ENERGY.AT THIS STAGE BALFOUR BEATTY HAS NOT SEEN AN IMPACT FROM BREXIT BUT REMAINS VIGILANT TO RESPOND TO ANY CHANGES IN MARKET CONDITIONS.  Full Article

Balfour Beatty Says Awarded Multi-Million Pound Contract To Build Onshore Substation
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Balfour Beatty PLC ::AWARDED MULTI-MILLION POUND CONTRACT TO BUILD ONSHORE SUBSTATION FOR ØRSTED'S LATEST OFFSHORE WIND FARM, HORNSEA PROJECT TWO ON EAST COAST.  Full Article

Balfour Beatty Far East JV Wins HK$2.6 Bln Hong Kong Highways Department Contract
Thursday, 12 Jul 2018 

July 12 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY FAR EAST JOINT VENTURE WINS HK$2.6 BILLION CONTRACT FOR HIGHWAYS DEPARTMENT OF HONG KONG.WORKS HAVE ALREADY COMMENCED WITH COMPLETION EXPECTED IN LATE 2020, WORKFORCE OF 1,700 WILL BE ENGAGED AT CONSTRUCTION PEAK.  Full Article

Balfour Beatty Far East Joint Venture Wins HK$4Bn Residential Contract In Hong Kong
Tuesday, 1 May 2018 

May 1 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY FAR EAST JOINT VENTURE WINS C.HK$4BN (C.£370M) RESIDENTIAL CONTRACT IN HONG KONG.SUBSIDIARY OF ITS 50:50 FAR EAST JOINT VENTURE, GAMMON CONSTRUCTION, HAS BEEN AWARDED A C.HK$4BN (C.£370M) CONSTRUCTION CONTRACT.CONTRACT SCHEDULED TO COMMENCE THIS SPRING, DEVELOPMENT IS SCHEDULED FOR COMPLETION IN 2021.WORKFORCE OF 1,500 WILL BE ENGAGED AT CONSTRUCTION PEAK OF RESIDENTIAL CONTRACT IN HONG KONG.  Full Article

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UK construction firms more sensible after Carillion collapse - Balfour Beatty

British construction firms are taking a more sensible approach to big projects, pursuing profitability rather than growth at any price, after paper-thin margins helped derail rival Carillion, the boss of contractor Balfour Beatty Plc said on Wednesday.