Balfour Beatty awarded £85m City student accommodation scheme
15th Oct 2018 11:36
(Sharecast News) - Infrastructure group Balfour Beatty has been selected by Urbanest to deliver a new £85m mixed-used student accommodation scheme in the City of London.
Read moreBalfour Beatty awarded £15m contract by Audley Group
5th Oct 2018 07:57
(Sharecast News) - Infrastructure group Balfour Beatty has been awarded a £15m contract by Audley Group to deliver the second phase of the Cooper's Hill retirement development in Englefield Green, Surrey.
Read moreSector movers: Builders boosted, food retailers go off
3rd Oct 2018 16:07
(Sharecast News) - The construction and house-building sectors were on the front foot late on Wednesday, while food retailers were dragged down by Tesco's results.
Read moreBalfour Beatty pockets £22m from sale of Fife Hospital stake
19th Sep 2018 07:58
(Sharecast News) - Balfour Beatty has sold its 50% stake in Fife Hospital for £43m in cash to Semperian PPP Investment Partners, which will result in a profit of £22m for the FTSE 250 infrastructure group.
Read moreBalfour Beatty H1 profits rise, revenue slips
15th Aug 2018 07:13
(Sharecast News) - FTSE 250 infrastructure group Balfour Beatty reported a rise in first-half profit on Wednesday as its turnaround programme bears fruit and the company said it was confident of meeting its full-year expectations.
Read moreBalfour Beatty sells 80% stake in five street lighting projects
16th Dec 2016 07:27
(ShareCast News) - Construction company Balfour Beatty has sold its 80% stake in five street lighting private finance initiatives to funds managed by Equitix, an investment firm, for £33m. The sale of the street lighting projects will be retained within the company. The FTSE 250 company said the
Read moreBalfour Beatty eyes positive cash balance
13th Dec 2016 07:08
(ShareCast News) - In a short trading statement short on finer details, infrastructure construction group Balfour Beatty said it expected to finish the year with a positive cash balance as it completes the first phase of chief executive Leo Quinn's two-year turnaround process. By its January year en
Read moreBalfour Beatty and HICL win place on Burbo Bank windfarm shortlist
13th Sep 2016 11:07
(ShareCast News) - London-listed trio Balfour Beatty, HICL Infrastructure and International Public Partnerships are among five groups to have their bids shortlisted to own and run the £230m transmission link with a new offshore windfarm in the Bay of Liverpool. On Tuesday regulator Ofgem confirmed t
Read moreThursday newspaper share tips: Balfour Beatty, Admiral
18th Aug 2016 17:39
(ShareCast News) - Things are looking up for Balfour Beatty but it's too soon to put up the bunting just yet, the Financial Times's Lex column said. Following a protracted drop in the shares after the acquisition spree which the company embarked upon in 2010, under its new management a real turna
Read moreThursday broker round-up
18th Aug 2016 09:43
(ShareCast News) - Admiral Group: RBC reiterates underperform with a target price of 1600p. Laird: Berenberg maintains sell with a 230p target. BGEO Group: UBS reiterates neutral with a 2960p target. ICAP: Exane BNP Paribas upgrades to outperform with a 510p target. Poundland: Credit Suisse keeps
Read moreSector movers: Construction sector finds a bid, insurers off
17th Aug 2016 13:49
(ShareCast News) - Insurance stocks dragged on the London equity market after Admiral reported a drop in its so-called Solvency II coverage ratio at the half-year stage from 206% to 180%, courtesy of a large drop in interest rates which in turn boosted its liabilities, particularly in the case of it
Read moreBroker tips: Standard Chartered, Balfour Beatty, Savills
17th Aug 2016 10:01
(ShareCast News) - Standard Chartered's rating was downgraded to 'hold' from 'buy' and its target price was left at 650p by HSBC on Wednesday. HSBC said Standard Chartered's share price has responded positively to the weaker pound against the dollar following Brexit as the company's revenues are dol
Read moreNumis lifts Balfour Beatty to 'buy' after half year interims
17th Aug 2016 08:39
(ShareCast News) - Numis raised its rating on Balfour Beatty to 'buy' from 'add' and reiterated its target price of 294p on Wednesday after the company reported its half year results. Balfour reported a pre-tax loss of £21m, down from £150m the same time a year ago, on revenue of £4.1bn, down from £
Read moreBalfour Beatty posts narrower loss for H1, reinstates dividend
17th Aug 2016 07:54
(ShareCast News) - FTSE 250 construction group Balfour Beatty surged on Wednesday after saying it has reinstated its dividend and reporting a smaller loss for the half year ended 1 July. The pre-tax loss for the period narrowed to £21m from £150m the same time a year ago, on revenue of £4.1bn, down
Read moreBalfour Beatty wins largest US contract to date
16th Aug 2016 07:24
(ShareCast News) - International infrastructure group Balfour Beatty announced on Tuesday that it has been awarded a $697m contract to undertake electrification of the 52-mile Caltrain rail corridor between San Francisco and San Jose, in preparation for the future operation of high speed trains. The
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