Anybody trading in these shares? I just bought some @ 204.72

which one of these institutions are more reliable and honest?

Oxymoron?

Extension on California High Speed Rail Contract

Balfour Beatty Awarded Extension On £78 million
California High Speed Rail Program Management Contract

Balfour Beatty, the international infrastructure group announces that the California High-Speed Rail Authority has awarded a two-year £78 million (US$120 million) contract extension to Parsons Brinckerhoff, its professional services division, for programme management services on the California High-Speed Rail project.

One of the largest, most ambitious public transportation programmes in U.S. history, the project will allow passengers to travel from Los Angeles to San Francisco at speeds capable of over 200 miles per hour, making the trip in under three hours, compared to almost six hours by automobile. The first phase of the planned 800-mile network will run from Los Angeles to the San Francisco Bay Area through California's Central Valley, with subsequent phases connecting to San Diego and Sacramento.

Interim Management Statement

Trading

There has been no change in performance since the trading update on 29 April 2013.

As detailed in the trading update, a combination of difficult market conditions and poor performance in the UK construction business has resulted in management's 2013 full-year expectations for profit from operations in the UK Construction business being reduced by c.£50 million while trading in our other businesses remains in line with our prior expectations in aggregate despite a £10 million shortfall in the German rail business.

No further surprises, with a bit of luck there won't be a 3rd profit warning and maybe a recovery in the sp.
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Trading Statement

Trading

While markets remain very challenging, we have not seen a material change in trading conditions since our Q1 Interim Management Statement of 14 May 2013, except for a further worsening in the environment for our professional services business in Australia.

The level and mix of the order book remains broadly unchanged from £16 billion at the end of March, giving us good forward visibility.

JV Enters Australian Water Renewals Sector

International infrastructure group Balfour Beatty announces today that Balfour Beatty Leed joint venture (JV) has been awarded a place on a major water networks framework by Australia's largest water utility provider, Sydney Water.

This marks Balfour Beatty's entry into the water renewals sector in Australia and means that the Balfour Beatty Leed JV is now in line to bid for work packages worth approximately AUS$150 million (£91 million) in total over the next five years.

Balfour Beatty wins Herefordshire road work

Herefordshire Council has appointed Balfour Beatty Living Places to deliver a public realm contract including highway maintenance, highway schemes, traffic signals, public rights of way, street cleaning and lighting.

Balfour Beatty beat off its nearest rivals for the work, Amey and Costain, and will start work on 1 September, replacing incumbent Amey.The contract is worth about £20m a year and could be extended beyond ten years depending on performance.

BALFOUR BEATTY AWARDED CONTRACT EXTENSION WITH YORKSHIRE WATER

Balfour Beatty, the international infrastructure group, announces today that it has been awarded a five-year extension to its water networks contract with Yorkshire Water, anticipated to be worth around £70 million.

The contract extends our work with Yorkshire Water into the AMP6 regulatory period, which runs from 2015 to 2020, continuing our partnership with Yorkshire Water through every AMP cycle since 1994.

Balfour Beatty Equitix Consortium the preferred bidder to own and operate the high voltage transmission links to the Gwynt y Môr wind farm. At 576MW it is currently the second largest project to have reached this tender stage. The estimated value of the transmission assets is £346m.
2517

This on the back of yesterdays Olympic roof contract.
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I'm out now having bought in March @ 236p and added in April @ 214p, plus the 8.5p divi, Interims tomorrow so locked in some profit.
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Half Yearly Report

Highlights

· Order book2 up 3% at £13.9 billion with a strong US performance
· Firm action to address UK construction underperformance and swift response to market deterioration in Australia expected to deliver Group performance in continuing businesses in line with current market expectations for 2013
· Further strategic progress with 67% of order book now in economic infrastructure
· Significant wins in target sectors and geographies
· Agreement to sell WorkPlace, the UK FM business, for a consideration of c.£190 million
· Strong balance sheet with comfortable headroom
· Interim dividend maintained at 5.6 pence per share

I think the market might think this is a highlight: Underlying profit from continuing operations fell 67% to £52m (2012: £156m).

I don't get that many but this was one of my smarter moves, (post 201) sp now around 234p. I did the same 12 months ago and its paid off again.
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It looks like Investec are with you George.

Investec Sell 235.75 250.10 170.00 - Reiterates

Crikey that's a level not seen in many a year.
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what is going wrong?

halifax----Profits and EPS down 2/3rds, thinly covered dividend, UK construction underperformance, deterioration in Australia, challenging conditions. There is more but holders may get depressed if I continue.
2517

George it seems they need a serious board shake out.