Sunday share tips: Balfour Beatty, Smart Metering Systems
14th Aug 2016 15:24
(ShareCast News) - Buy Balfour Beatty shares, was the view in the Sunday Times' Inside the City column. Chief executive Leo Quinn, appointed last year to turn things around at the infrastructure group like he had done at Qinetiq and De La Rue, still has a tough job on his hands as the construction i
Read moreBalfour Beatty wins GBP170m Heathrow baggage contract
5th Jul 2016 07:08
(ShareCast News) - Balfour Beatty has won a £170m contract to upgrade baggage screening and handling systems for Heathrow Airport. The project was awarded through the Heathrow Airport Limited Delivery Integrator Framework, to which Balfour Beatty was appointed in 2014, and will involve upgrading
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read moreBalfour Beatty reports good progress on transformation
19th May 2016 08:46
(ShareCast News) - International infrastructure group Balfour Beatty was setting up for its annual general meeting on Thursday morning, where it was set to assure investors its transformation programme was progressing well. "Balfour Beatty continues to make good progress on the Build to Last transfo
Read moreMonday newspaper round-up: Oil prices, UK auto, Royal Mail, Saudi
9th May 2016 06:29
(ShareCast News) - Oil prices climbed more than 2% on Monday morning in Asia as traders weighed the impact of wildfires continuing to rage in Canada's top oil-producing province and a change at the top in Saudi Arabia's energy ministry. Brent crude, the international benchmark, rose as much as 2.5 p
Read moreDirectors dealings: Balfour Beatty chief buys into restructuring story
26th Apr 2016 14:36
(ShareCast News) - Stock in Balfour Beatty got a boost after the company reported that chief Leo Quinn had picked up a hefty number of shares. A little over a year after taking the helm of the infrastructure group, on 22 April Quinn purchased 218,500 shares at an individual price of 226.8733p, for a
Read moreHICL Infrastructure buys stake in Yorkshire toll road from Balfour Beatty
19th Apr 2016 08:13
(ShareCast News) - HICL Infrastructure Company has acquired a 30% interest in a 'shadow toll' road near Leeds from Balfour Beatty for £14.5m. The FTSE 250-listed infrastructure investment company, which advised by InfraRed Capital Partners, has paid for the deal from existing cash resources. The sh
Read moreBalfour Beatty secures £170m London Underground contract extension
24th Mar 2016 08:52
(ShareCast News) - Infrastructure group Balfour Beatty has secured a £170m two-year extension to its Track Partnership for London Underground, which is responsible for delivering essential track renewal work across the network. The FTSE 250 company was appointed to the initial contract in 2010 with
Read moreBalfour Beatty cuts FY losses as recovery plan takes hold
15th Mar 2016 07:45
(ShareCast News) - The recovery plan instigated by new Balfour Beatty boss Leo Quinn appears to be working, with full-year pre-tax losses cut by £105m to £199m and a plan to reinstate its dividend later this year. Revenue fell 4% at £8.4bn as the firm's order book started to stabilise. Balfour said
Read moreSunday newspaper round-up: Budget, Sainsbury's, Virgin Media, Reuters
13th Mar 2016 15:18
(ShareCast News) - George Osborne look to grab as much as £20bn to fill shortfalls in his Budget this Wednesday, making deep cuts in public spending, an increased insurance premium tax and other new or increased duties and taxes, while also looking to cut taxes for North Sea oil producers. The Sunda
Read moreSunday newspaper round-up: Bank funding, North Sea oil tax, HSBC, Anglo
14th Feb 2016 17:39
(ShareCast News) - The European Central Bank and its London counterpart have held talks after the Bank of England raised the alarm over the potential threat of a funding crisis in the banking sector. Three senior London bankers have told the Sunday Times that their normal efforts to raise money from
Read moreBalfour Beatty wins £245m Warwickshire highways contract
3rd Feb 2016 07:35
(ShareCast News) - Infrastructure group Balfour Beatty has been awarded a seven-year, £245m Warwickshire highways maintenance contract. Balfour Beatty Living Places will work in partnership with Coventry City Council, Solihull Metropolitan Borough Council and Warwickshire County Council and the cont
Read moreBalfour Beatty sees 'broadly stable' order book in second half
9th Dec 2015 07:33
(ShareCast News) - Housebuilder Balfour Beatty said its order book is expected to remain "broadly stable" in the second half as it also announced a new £400m syndicated loan facility. In a trading statement to 8 December, Balfour said it's "Build to Last" transformation programme continued to gain t
Read moreBalfour Beatty says KPMG to replace Deloitte as external auditor
3rd Dec 2015 11:41
(ShareCast News) - Infrastructure group Balfour Beatty has appointed KPMG as external auditor for the year ending 31 December 2016, replacing Deloitte, who was auditor since 2002. Deloitte will audit the group's accounts for the year ending 31 December 2015. Balfour said shareholder approval to con
Read moreBalfour Beatty sells interest in Greater Gabbard project
2nd Dec 2015 13:11
(ShareCast News) - Infrastructure group Balfour Beatty has sold its 33.3% interest in the Greater Gabbard Offshore Transmission project for £25.5m. The investment is being acquired by funds managed by Equitix, an investor and fund manager of core infrastructure assets. Balfour said the consideratio
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