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

Not a lot of movement either way by the end of the day. Am still keen to get on board, so will reassess on tuesday.

I'm up 0.14 and 0.62 on TW - at least they are blue.

Contract Win

BALFOUR BEATTY APPOINTED TO DELIVER UP TO £180M OF INFRASTRUCTURE WORKS
AT HEATHROW AIRPORT

Balfour Beatty, the international infrastructure group, has been appointed to deliver up to £180 million of infrastructure works for Heathrow Airport Limited.

Over the next three years the company will work together with Heathrow to maintain and upgrade Terminals 1, 2 and 4, through the 'Delivery Integrator Framework Lot 1'. This is the first of four new-style framework contracts to be awarded by Heathrow, each for a different section of the airport, as part of a total investment package of £1.5 billion.

These new frameworks, which appoint a single contractor to deliver a programme of projects, are intended to enable Heathrow to realise year-on-year savings on its capital investment programme.

Balfour Beatty will be acting as programme manager and contractor at various stages throughout the lifecycle of the framework, delivering individual projects worth between £500,000 and £70 million. Projects will range from structural improvements to multiple asset replacements such as escalators and passenger conveyors, passenger and goods lifts, air conditioning systems, retail areas, CCTV, access and security systems. At the end of 2016 there is an option to extend the framework for a further two years, which will be worth up to an additional £70 million.

Balfour Beatty will bring its substantial range of in-house expertise to deliver the framework including design, engineering, construction, mechanical and electrical capabilities, and Building Information Modelling (BIM) which will allow full 4D design specification for Heathrow.

Balfour Beatty has a fifteen-year association with Heathrow having worked on two previous frameworks, and has delivered significant infrastructure projects from the award-winning Terminal 5 facility to multiple asset improvement projects across the airport. The company is currently delivering the new £590 million Terminal 2B facility as part of the Terminal 2 complex, due to open this summer.

Steve Marshall, Balfour Beatty Executive Chairman, said: "I am delighted Balfour Beatty has been appointed to Heathrow's new style of framework contracts. We have worked in partnership with Heathrow for fifteen years and we will continue to bring our leading capabilities in areas such as Building Information Modelling and safety to our work at Terminals 1, 2 and 4; and play our part in helping Heathrow maintain its position as a leading travel hub."

ENDS

Seems like your bottom picking was spot on Skinny! As it looks as though the markets are going to continue rising for the moment, I have also taken the plunge. Confidence is high that that gap will be closed over the coming months....at least up to the 200 MA.

Lets hope so Harry.

I also bought HWDN, DCG & TW last week - HWDN in particular looks reasonable.

Not sure about house builders this year. Lots of pointers implying that the market has peaked and is due a natural correction, bwthdik?!!!

I think these are a bit more than house builders.

I was referring to skinny's TW. investment!

Sorry HC. Got your point.

Harry - I think we largely agree, TW are the only builder that I have and they were/are below the 200sma when I bought.

£70 up already! 280p here we come.
Let me know when you are about to dump stock skinny.........not that I am trying to get in ahead of you, but.....!!! ;o)

StockMarketWire.com
Balfour Beatty has sold its 50% interest in the University Hospital of North Durham PPP project and its 100% interest in the Knowsley Building Schools for the Future (BSF) project for a total consideration of £97m, generating total gains on disposal of £51m.

The proceeds from these transactions exceed the directors' valuations by £44m, representing an uplift of 82%. These transactions are in line with Balfour Beatty's strategy to recycle equity invested in its portfolio, and further demonstrate the quality of the investment portfolio and its ability to generate value for shareholders.

The proceeds will be used to invest in new and existing projects, in areas that align with the Group's target geographies and market sectors.

Balfour Beatty turns a huge profit on building schools and hospitals

Closed +16.

So not going to pursue that gap on the chart???

I am - but not yet! :-)

Back with you Harry.

I'm in at 233p and as previously posted, looking for c280p!
Sure hope we can't both be wrong Bb!!! Good Luck!

Contract Win

BALFOUR BEATTY CONSORTIUM APPOINTED PREFERRED BIDDER FOR CIRCA £745M ABERDEEN WESTERN PERIPHERAL ROUTE/BALMEDIE-TIPPERTY PROJECT

Balfour Beatty, the international infrastructure group, announces today that it is part of a consortium which has been selected as preferred bidder for the Aberdeen Western Peripheral Route/Balmedie-Tipperty Project.

The Connect Roads consortium, comprising Balfour Beatty, Carillion and Galliford Try, has been selected as preferred bidder for the design, build, finance and operate (DBFO) contract to deliver the project for Transport Scotland in partnership with Aberdeen City and Aberdeenshire Councils.

Balfour Beatty will invest up to £20 million, which represents a one third share of the sponsor's investment requirement, with Carillion and Galliford Try also investing one third each. The project is being procured under the Scottish Government's Non-Profit Distributing (NPD) model and work is expected to be underway later this year with completion expected in spring 2018.

The project, which is estimated to be in the region of £745 million, includes the design and construction of 46km of new dual carriageway between Stonehaven and Charleston in the south, and Blackdog in the north, and a further 12km of upgraded existing dual carriageway between Blackdog and Tipperty. The contract also includes the construction of 40 kilometres of new side roads, 30 kilometres of access tracks and 72 new structures, including two significant focal point bridges over the rivers Dee and Don.

Construction activities will be conducted by Balfour Beatty's UK construction business, Carillion and Galliford Try in an equal joint venture.

In 2018, once the construction is complete, the trunk road assets will be managed and maintained by Balfour Beatty on behalf of Connect Roads for 30 years.

Balfour Beatty has a strong presence in the transport market across the UK and has significant experience of strategic road improvement contracts in Scotland, including the M77/Glasgow South Orbital DBFO and the M74 completion. Through Scotland TranServ, it is also responsible for the management and maintenance of trunk roads in the south west of Scotland, including the major River Clyde crossings at the Kingston and Erskine bridges.

Steve Marshall, Balfour Beatty Executive Chairman, said: "We are delighted to be appointed preferred bidder with our consortium partners to deliver this major construction contract, the largest NPD project to be undertaken to date. Balfour Beatty has a strong Scottish heritage and together with Transport Scotland and both Aberdeen Councils, we will use our expertise to complete this long-awaited scheme that will provide substantial benefits to the city of Aberdeen and the north east of Scotland. This appointment underlines our commitment to investment in infrastructure in the UK."

ENDS

Hmmmmm......struggling to clear 240p.