London pre-open: Stocks to track Asia lower ahead of GDP data
27th Nov 2015 07:18
(ShareCast News) - London stocks are called to open lower on Friday, taking their cue from a downbeat session in Asia, where the Shanghai Composite tumbled 5% amid reports that several brokerages in China were being investigated for alleged violation of securities regulations. The FTSE 100 is expect
Read moreBalfour Beatty awarded £104m Norfolk road contract
27th Nov 2015 07:10
(ShareCast News) - Infrastructure group Balfour Beatty has been awarded a £104m contract by Norfolk County Council for the Norwich Northern Distributor Road (NNDR). The FTSE 250 company announced on Friday it will construct the new 19.6km dual carriageway, including nine new roundabouts, seven new b
Read moreBalfour Beatty and Carillion win A14 upgrade contract
21st Sep 2015 07:26
(ShareCast News) - Highways England has selected Balfour Beatty's 50:50 joint venture with Carillion to upgrade a section of the A14 - a contract worth £292m. The two FTSE 250-listed infrastructure groups will deliver a package to upgrade the A14 between Swavesey and Milton as part of the wider A14
Read moreBalfour Beatty agrees takeover of gas-to-power producer Alkane Energy
16th Sep 2015 09:09
(ShareCast News) - A takeover offer by infrastructure group Balfour Beatty for Alkane Energy has been accepted at 36p per share, valuing the independent gas to power producer at £61.4m. The offer from Balfour Beatty Infrastructure Partners (BBIP) represented a premium of 44% to Wednesday's closing p
Read moreThursday tips round up: WPP, Carillion
27th Aug 2015 10:20
(ShareCast News) - While Sir Martin Sorrell's post first half results comment was about China, North America offered a better view of what was driving WPP, the Financial Times' Lex said. The region was the advertising conglomerates biggest and highest margin region, as profits grew by 23% in the fir
Read moreFTSE 250 movers: Gold miners lifted as mid-caps trip on China's currency fiddling
12th Aug 2015 16:12
(ShareCast News) - The FTSE 250 tumbled in early trading and by the close of the session was down 1.3% at 17,438.09 points. There were a few stocks in positive territory, however, with a three-week haven-inspired high in gold prices helping gold-miners Centamin and Acacia Mining top the second-line
Read moreBalfour Beatty scraps dividend as profit widens
12th Aug 2015 07:31
(ShareCast News) - Balfour Beatty has scrapped its interim dividend as pre-tax losses widened in the first half of 2015. The construction firm posted a first-half pre-tax loss of £150m, two and a half times the size of the £58m the year before, although it said this was in line with its expectations
Read moreLondon preopen: Stocks expected to slip on yuan devaluation
11th Aug 2015 07:17
(ShareCast News) - City sources predict the FTSE 100 will open 13 points lower than Monday's close of 6,736.22. European equities are set to slip on the open following People's Bank of China moves, London Capital Group night dealer Jonathan Sudaria said. "The extreme 'one-off' devaluation in the y
Read moreBroker tips: Aggreko, Balfour Beatty, Glencore
10th Aug 2015 13:06
(ShareCast News) - Temporary power provider Aggreko got a boost after Barclays upgraded the stock to 'overweight' from 'equalweight'. It said the majority of possible bad news has materialised, the revised strategy is sensible and this is likely to prove one of the lowest valuations relative to the
Read moreRBC upgrades Balfour Beatty, says issues are containable
10th Aug 2015 09:42
(ShareCast News) - Analysts at RBC Capital upped their rating for Balfour Beatty, and said the company was through the worst. RBC Capital moved the construction firm's rating to 'outperform' from 'sector perform' and lifted its price target to 300p from 200p. In a note RBC Capital analyst Olivia Pe
Read moreWeek ahead: Data rumbles due to disturb City's summer quiet
7th Aug 2015 13:16
(ShareCast News) - The corporate results season has past its peak and tails off as summer holidays empty out the City, but the week ahead is due to see some big financial news nonetheless, including Eurozone second quarter GDP, a UK labour market update, with US retail sales and industrial productio
Read moreBalfour Beatty JV preferred bidder for £460m nuclear contract
31st Jul 2015 09:08
(ShareCast News) - Balfour Beatty's joint venture, NG Bailey, has been appointed as preferred bidder to construct nuclear power plant Hinkley Point C on the north Somerset coast, in a deal worth £460m. The joint venture will work across both proposed Hinkley Point C units to deliver the infrastructu
Read moreBalfour Beatty Vinci picks up motorway contract
22nd Jul 2015 09:09
(ShareCast News) - Balfour Beatty and joint venture partner Vinci have won a Highways England contract worth £607.4m. The first tranche of the contract is a £45.5m M5 upgrade for which construction starts in Autumn this year. Two other projects on the M6 and M4 motorways have a combined value of £5
Read moreLondon open: Miners pace gains as Shanghai stocks bounce
9th Jul 2015 08:46
Miners led the top flight index higher thanks to an overnight bounce in Chinese equities, and as traders awaited fresh reform proposals out of Athens, due by midnight. As of 0836 BST the FTSE 100 was higher by 42.18 points to reach 6,532.06, while the Shanghai Stock Exchange's composite index closed
Read moreBalfour Beatty warns on profits, again
9th Jul 2015 07:39
Balfour Beatty has issued another profit warning, with pre-tax profit likely to be lower by between £120m to £150m due to problems discovered in various parts of the infrastructure construction group as part of a continuing business review. The troubled FTSE 250 outfit, which has reported six profit
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