FTSE 250 movers: Foxtons hit by overcharging allegations, oil stocks higher
8th Jun 2015 13:50
Mid caps were in the red on Monday afternoon, as gains made by oil and mining stocks were overshadowed by weakness in the pharmaceutical, engineering and retail sectors. As of 15:45, the FTSE 250 was trading 0.13% lower at 17,908. Foxtons led the fallers as The Guardian reported that London law fir
Read moreBalfour Beatty to continue investing in transformation programme
14th May 2015 10:41
Construction and support services company Balfour Beatty will continue to develop its 'Build to Last' transformation programme, the company said on Thursday. Improving operational performance in the wake of multiple profit warnings remains a priority, the FTSE 250 group said in a short statement ahe
Read moreLondon close: FTSE 100 pulled below 7000 by declines on US markets
25th Mar 2015 16:51
London's FTSE 100 accelerated in the red by the end of Wednesday's session with declines in US markets offering direction to the downside. Late in Europe, Dow Jones Industrial Average is down 1.1% in New York and the S&P500 is off 0.9% in low volume trade with markets cutting exposure following poor
Read moreFTSE 250 movers: Balfour higher on cost saving pledge, miners and oil stocks lower
25th Mar 2015 13:55
Shares in UK construction firm Balfour Beatty rose as it pledged to implement cost saving measures after reporting deep losses last year which forced it to suspend its dividend. Housebuilder Bellway surged as profits jumped to a record high in the first six months of its financial year, prompting th
Read moreLondon midday: FTSE 100 rangebound as market lacks clear direction
25th Mar 2015 12:01
UK equities traded in a narrow range on Wednesday, unable to pursue a firm direction as markets continue to be conflicted with mixed signals. At 1212 GMT, the FTSE 100 index was flat at 7020. On Tuesday, a slide on Wall Street which caused the S&P500 to close 13 points lower pressured Asian share m
Read moreLondon open: FTSE 100 plays catch up with peers after previous weak finish
25th Mar 2015 09:04
UK's FTSE 100 index is playing catch up with its European counterparts who outperformed it in the previous session. On Tuesday, the London benchmark pared session losses to close lower while Germany's DAX and France's CAC-40 swung mildly higher. In Wednesday's session, the tables have turned in fav
Read moreBalfour Beatty forced to suspend dividend as it reports fat losses
25th Mar 2015 08:01
British construction firm Balfour Beatty on Wednesday was forced to suspend its dividend as a result of ongoing challenges in its UK construction contracts which resulted in multi-million pound losses. Balfour reported a £304m pre-tax loss for 2014 and negative operating cash flow of £372m. The grou
Read moreFTSE 250 movers: Centamin surges on strong dividend, energy stocks higher
23rd Mar 2015 12:52
Profits at gold miner Centamin more than halved in 2014, as higher production was offset by increased output costs and lower commodity prices, yet the stock surged after the company's maiden dividend smashed analysts' expectations on the back of stronger cash generation. Other miners were also tradi
Read moreSector movers: CRH and Balfour Beatty drag construction/materials stocks lower
9th Mar 2015 14:31
Construction and material stocks were under the weather on Monday, with the sector being dragged lower by heavyweights CRH and Balfour Beatty. CRH, which is set to pick up assets worth €6.5bn from Holcim and Lafarge as part of the cement companies' planned merger, was trading 3.5% lower after weeken
Read moreBalfour Beatty wins landmark 10-year project along the Thames Estuary
9th Mar 2015 08:24
London listed construction giant Balfour Beatty has been appointed as the civil contractor to deliver a 10-year project on the Thames Estuary in the largest single flood risk asset management programme ever awarded in the UK. The project, which is being delivered on behalf of the UK's Environment Ag
Read moreBalfour Beatty to build 1,500 new homes in east London
2nd Mar 2015 14:54
UK listed construction firm Balfour Beatty signed an agreement Monday to build up to 1,500 homes at the Queen Elizabeth Olympic Park in East London. The deal with the London Legacy Development Corporation will see Balfour invest and construct the new East Wick and Sweetwater housing development proj
Read moreBalfour Beatty to stagger planned pension deficit payments
24th Feb 2015 09:40
Infrastructure giant Balfour Beatty has agreed to delay a planned £85m pension deficit payment by spreading payments over eight years. The FTSE 250 group said it had reached an agreement with the trustee of its pension fund to "re-profile" an £85m deficit payment originally agreed when it sold its P
Read moreBalfour Beatty JV wins Hong Kong residential project
23rd Feb 2015 08:05
Balfour Beatty's joint venture Gammon Construction has scored a HK$3.2bn contract to build a major residential development in Hong Kong. The joint venture will construct seven residential towers, ranging from 12 to 40 stories, as well as retail and recreational facilities in Tsuen Wan, Hong Kong. T
Read moreBalfour Beatty invests in wind farm transmission project offshore Wales
18th Feb 2015 08:03
Infrastructure group Balfour Beatty has completed the purchase of the £352m Gwynt y Môr offshore transmission project (OFTO) in Wales, which connects a 576MW wind farm to the onshore transmission grid. The Gwynt y Môr OFTO, previously operated by Gwynt y Môr Wind Farm Limited, links up the wind farm
Read moreLondon open: Traders in holding pattern ahead of Eurogroup meeting
16th Feb 2015 09:13
UK stocks began the morning moving slightly lower on the heels of weaker than forecast Japanese growth domestic product (GDP) figures, overnight, and ahead of a critical meeting of Eurozone finance ministers, on Monday evening. Traders are watching to see if Greece's new government and the European
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