ranaweeram
- 10 Sep 2003 18:30
Fred1new
- 09 Apr 2010 09:15
- 29 of 424
They are doing well for contracts.
Hope the results are transferred to the bottom line!
Balfour Beatty JV wins Dallas airport contract
Business Financial Newswire
A joint venture which includes infrastructure giant Balfour Beatty has been selected for preconstruction and construction services for Dallas Fort Worth International Airport's seven-year terminal development programme.
The project, which is still in design and development, is expected to be worth approximately $900m.
The joint venture, known as BARC, comprises Balfour Beatty, Azteca Enterprises, H.J. Russell & Co and CARCON Industries.
BARC is planned to be responsible for preconstruction and construction management services for the renovation of terminals A and C and the construction of a rail station to connect future routes, for the Dallas Area Rapid Transit (DART) and the Fort Worth Transportation Authority, to the airport.
Story provided by Business Financial Newswire
skinny
- 13 Apr 2010 07:25
- 30 of 424
BALFOUR BEATTY AWARDED HARTLEPOOL BSF CONTRACT
Balfour Beatty, the international infrastructure group, announces today that it has been awarded the initial scheme of the 95 million Hartlepool Building Schools for the Future (BSF) programme by Hartlepool Borough Council.
The Hartlepool BSF programme involves the rebuilding and replacement of six schools over the next five years. Construction of the initial sample school, Dyke House Sports and Technology College, will begin this summer with completion by Christmas 2011.
skinny
- 19 Apr 2010 07:54
- 31 of 424
BALFOUR BEATTY APPOINTED PREFERRED BIDDER FOR 300 MILLION
EALING BUILDING SCHOOLS FOR THE FUTURE PPP CONTRACT
Balfour Beatty, the international infrastructure group, announces today that it has been appointed as preferred bidder by Ealing Council for their 300 million PPP Building Schools for the Future (BSF) programme.
skinny
- 22 Apr 2010 09:12
- 32 of 424
GAMMON AWARDED GBP353 MILLION AIR CARGO TERMINAL
CONSTRUCTION PROJECT IN HONG KONG
Gammon Construction Limited, a market-leading contractor in Hong Kong in which
Balfour Beatty has a 50% shareholding, has been awarded by Cathay Pacific
Services Ltd, a HK$4.2 billion (GBP353 million) air cargo terminal construction
contract, in joint venture with Hip Hing Construction Co Ltd.
The contract for the new terminal at Hong Kong International Airport, Chek Lap
Kok, will engage a workforce of over 1,000 at the peak of the project's
construction period.
Commenting today Balfour Beatty Chief Executive, Ian Tyler, said:
"We are delighted to have been awarded this contract to enhance Hong Kong's
status as an international airfreight hub. Along with our joint venture
partner, we are committed to the delivery of a terminal of the highest quality,
while maintaining excellent standards of safety."
The new terminal, which is approximately 280,000 square metres, is scheduled for
completion in 2013.
Balfour Beatty has been a major player in the development of Chek Lap Kok
Airport's infrastructure having been responsible, as part of a joint venture,
for the construction of an GBP800 million terminal building completed in 1998,
and the completion in 2004 of the GBP40 million East Hall expansion structures
and departure hall reconfiguration contract, both for the Hong Kong Airport
Authority.
Fred1new
- 22 Apr 2010 09:24
- 33 of 424
This company has been piling up contracts at home and abroad.
Yet the Share price is not moving very much in response.
I understand the drop back yesterday due to X-Div, but wonder why the movement is sluggish.
Is there an expectancy that some of the British contracts will be torn up after the election in expected cut backs?
skinny
- 23 Apr 2010 07:40
- 34 of 424
BALFOUR BEATTY TO EXPAND US MILITARY
FAMILY HOUSING PROJECT AT FORT CARSON
Balfour Beatty, the international infrastructure group, announces today that its
Fort Carson military housing PPP project in Colorado has received approximately
US$100 million (GBP65 million) in funding from the U.S. Department of the Army
for an expansion phase covering the development and construction of additional
homes and amenities.
Balfour Beatty Communities took responsibility for family housing at Fort Carson
in 2003. In this new expansion phase, it will oversee the design, construction
and overall management, maintenance and operational responsibilities for the new
housing units, which are due for completion in 2013. Balfour Beatty
Construction US will carry out the construction of the new homes.
skinny
- 23 Apr 2010 08:33
- 35 of 424
Balfour Beatty's Mansell wins 65m Kensington housing contract
Business Financial Newswire
Infrastructure group Balfour Beatty's construction services business Mansell has won a 65m design and build contract to redevelop Wornington Green Estate, London, for Kensington Housing Trust.
Mansell will build 324 high-quality homes and provide improved facilities and open space as part of the overall Wornington Green regeneration scheme.
More than half - 55% - of the homes will be for affordable allocation and the rest for open market sale.
Construction work will begin in Autumn 2010 with completion in 2014.
skinny
- 26 Apr 2010 07:58
- 36 of 424
Disposal
TIDMBBY
RNS Number : 7311K
Balfour Beatty PLC
26 April 2010
?
BALFOUR BEATTY COMPLETES THE SALE OF INTERESTS IN
TWO UK PPP CONCESSIONS
Balfour Beatty, the international infrastructure group, announces that it has
completed the sale of:
(i) its entire 50% interest in Aberdeen Environmental Services (Holdings)
Limited ("AES") to Kelda Non-Reg Holdco Limited ("Kelda"), an affiliate of Kelda
Water Services Limited being the other shareholder of AES; and
(ii) a 23.9% interest in Consort Healthcare (ERI) Holdings Limited ("ERI")
to ERI Holdings Limited being the other shareholder of ERI and wholly-owned by
Barclays Integrated Infrastructure Fund ("Barclays"), for an aggregate
consideration of c.GBP24.1 million.
Kelda and ERI Holdings Limited purchased the interests in AES and ERI
respectively by exercising their rights of pre-emption which were triggered by
the agreement between Balfour Beatty and AMP Capital Investors Limited ("AMP")
dated 4 March 2010 to sell the 50% interest in AES and the 23.9% interest in ERI
for an aggregate consideration of GBP24.3 million. The difference in
consideration to that agreed with AMP is due to a distribution of c.GBP0.2
million paid by ERI to Balfour Beatty on 5 March 2010 in respect of the 23.9%
shareholding acquired by ERI Holdings Limited, an affiliate of Barclays.
The disposals will generate an aggregated profit of c.GBP21 million.
ENDS
skinny
- 04 May 2010 07:56
- 37 of 424
Re: Contracts
TIDMBBY
RNS Number : 2175L
Balfour Beatty PLC
04 May 2010
?
BALFOUR BEATTY AWARDED CONTRACTS WORTH UP TO
GBP248 MILLION BY NETWORK RAIL
Balfour Beatty, the international infrastructure group, announces today that it
has been awarded contracts by Network Rail totalling up to GBP248 million:
a four-year extension to 2014 to Balfour Beatty's existing track renewal
framework contract worth approximately GBP56 million in the first year of the
contract, with a further GBP115 million to be awarded provided agreed targets
are met during the first year of the contract. The contract involves the
delivery of plain line rail and switches and crossings at junctions with
associated signalling, electrification and drainage work for the whole of
Network Rail's South East territory covering the Wessex, Sussex, Kent and Anglia
regions;
a four-year contract worth in excess of GBP50 million for the grinding of
plain line rail across the UK, including the operation and maintenance of six of
Network Rail's fleet of rail grinders;
the GBP27 million Paisley corridor improvement project in Glasgow for the
construction of a new third running line and associated overhead electrification
additions and modifications, as well as the remodelling of a number of approach
lines. The Paisley corridor runs from Gower Street Junction to Arkleston
Junction. This contract is due for completion in 2012.
halifax
- 04 May 2010 14:08
- 38 of 424
no wonder we have such a huge budget deficit with all these contracts being rushed through before the election
skinny
- 12 May 2010 07:06
- 39 of 424
Interim Management Statement.
Trading
Our trading performance in 2010 to date is consistent with our expectations for the year. Our business is performing well, with a number of good contract wins, which has resulted in the order book moving ahead of the 2009 year-end figure of 14.1 billion.
hjs
- 12 May 2010 17:01
- 40 of 424
IMHO, based on the IMS, this is the right time to buy BBY.
My Short term target is 2.90
MT 3.30
LT +4.50
skinny
- 29 Jun 2010 14:43
- 41 of 424
BALFOUR BEATTY APPOINTED PREFERRED BIDDER FOR
OLDHAM BUILDING SCHOOLS FOR THE FUTURE PROJECT
Balfour Beatty, the international infrastructure group, announces today that it
has been appointed as preferred bidder by Oldham Council for their Building
Schools for the Future (BSF) programme, which is worth up to GBP175 million.
This BSF Programme involves the delivery of new buildings and upgrades to eight
of the Borough's schools, a pupil referral unit and the construction of a new
school in Chadderton. The initial phase of construction, which will commence in
January 2011, will involve the delivery of the new-build Oldham Roman Catholic
School at its new site and the partial rebuild and remodelling of North
Chadderton School. Upgrades, expansions and new buildings for the other schools
will commence between 2012 and 2014, with all construction work completed by
2015.
All construction and facilities management will be carried out by Balfour
Beatty. ICT services across all the schools will be delivered in conjunction
with Northgate, a leading provider of ICT educational solutions.
Commenting today Balfour Beatty Chief Executive, Ian Tyler, said:
"We are delighted to have been awarded preferred bidder status for Oldham
Council's BSF scheme. We look forward to developing a Local Education
Partnership with the Council and Partnerships for Schools to deliver excellent
design and value for all schools in the programme, as well as maximising the
economic benefit to the Borough."
Balfour Beatty will invest equity of GBP3.2 million into the delivery of the
first sample school, Oldham Roman Catholic School, with the potential for a
total of up to GBP6.2 million equity investment in the 25-year concession as a
whole.
skinny
- 06 Jul 2010 08:32
- 42 of 424
Trading Statement.
Trading
Further to our Interim Management Statement of 12 May 2010, trading performance continues to be consistent with our expectations for the year.
At the half-year, our high-quality order book is expected to be ahead of the 14.1 billion reported for 31 December 2009.
skinny
- 13 Jul 2010 08:31
- 43 of 424
BALFOUR BEATTY AWARDED FOUR-YEAR FRAMEWORK
WITH HACKNEY HOMES
Balfour Beatty, the international infrastructure group, announces today that
Mansell, the UK construction services business, has been appointed as one of
three contractors to a GBP220 million four-year framework for the London Borough
of Hackney and Hackney Homes' Decent Homes programme.
Mansell's share of the framework will be worth approximately GBP73 million.
The programme will involve investment in existing housing stock and maintenance
including external works and internal modifications to residential properties
across the London Borough of Hackney. Mansell will also manage the specialist
supply chain in collaboration with Hackney Homes. Work is scheduled to commence
in October 2010.
Commenting today Balfour Beatty Chief Executive, Ian Tyler, said:
"We are delighted to have been appointed to this framework and look forward to
continuing our long-standing relationship with Hackney Homes and the local
community to deliver improved housing for residents."
skinny
- 20 Jul 2010 07:07
- 44 of 424
BALFOUR BEATTY SIGNS SOUTHAMPTON HIGHWAYS SERVICE
PARTNERSHIP CONTRACT
Balfour Beatty, the international infrastructure Group, announces today that
Balfour Beatty WorkPlace has signed the Southampton Highways Service Partnership
contract with Southampton City Council.
The GBP100 million partnership, which is scheduled to commence on 1 October
2010, is initially for 10 years with the option of a five-year extension.
The Highways Service Partnership will provide highways transportation planning
and asset management services.
Commenting today, Balfour Beatty Chief Executive, Ian Tyler, said:
"We are delighted to have signed this important strategic partnership contract
with Southampton City Council. We look forward to delivering an effective,
efficient, sustainable and customer-focused highways service for the City."
The award demonstrates Balfour Beatty's capability and expertise as a delivery
partner across the infrastructure lifecycle.
hjs
- 24 Aug 2010 13:47
- 45 of 424
Why a big drop today? Any news?
skinny
- 27 Aug 2010 07:09
- 46 of 424
BALFOUR BEATTY APPOINTED PREFERRED BIDDER
FOR HERTFORDSHIRE SCHOOLS PPP SCHEME
Balfour Beatty, the international infrastructure group, announces today that it
has been appointed as preferred bidder by Hertfordshire County Council for their
GBP80 million schools scheme in Stevenage.
The scheme involves the design, construction and provision of facilities
management for two mainstream secondary schools and a special educational needs
school.
All construction and facilities management will be carried out by Balfour
Beatty. ICT equipment and services across all the schools will be delivered in
conjunction with RM, a leading provider of ICT educational solutions.
The scheme is expected to start on site in February 2011, once the contract has
reached financial close.
Commenting today Balfour Beatty Chief Executive, Ian Tyler, said:
"We are delighted to be named as preferred bidder for the delivery of
state-of-the-art facilities for three of Hertfordshire County Council's schools
in Stevenage for which we are providing a range of services. It demonstrates
the benefits of our integrated offer and our ability to continue to win work in
the education sector.
"We are committed to delivering excellent design and value for all the schools
and the local community."
Two of the schools will be co-located onto a single site and funded through a
PPP route. Balfour Beatty will invest equity of GBP5 million into the 25-year
concession to build and maintain these two schools. The company will also be
responsible for the design, build and maintenance of the third school for 10
years.
skinny
- 13 Oct 2010 13:41
- 47 of 424
Balfour Beatty acquires Halsall Group for C$53m
TIDMBBY
RNS Number : 3338U
Balfour Beatty PLC
13 October 2010
?
BALFOUR BEATTY ACQUIRES HALSALL GROUP
FOR C$53 MILLION (GBP33 MILLION)
Acquisition provides platform for Parsons Brinckerhoff
to develop successful Canadian professional services business
Balfour Beatty, the international infrastructure group, announces today that it
has acquired the Halsall Group, a Canadian professional services firm based in
Toronto, for a cash consideration of C$53 million (GBP33 million)1.
Halsall, which was employee owned, provides design and engineering services to
the building market, with particular strengths in sustainable design and
restoration. Halsall also provides structural engineering services to clients
in the transportation market.
With seven offices in Canada and over 300 employees, Halsall has grown in the
buoyant Canadian market generating C$46 million (GBP26 million)2 in revenue in
2009 and achieving strong margins.
Balfour Beatty Chief Executive, Ian Tyler, said:
"The acquisition of Halsall extends the geographic reach of Parsons Brinckerhoff
(PB), our professional services business, in Canada, which we believe is an
attractive infrastructure market. Halsall will provide PB, and the wider
Balfour Beatty Group, with a great platform to develop a successful Canadian
business."
skinny
- 19 Nov 2010 07:18
- 48 of 424
BALFOUR BEATTY ACQUIRES SEGMENTS OF ROK'S BUSINESS
Balfour Beatty, the international infrastructure group, announces today that it has acquired certain segments of Rok's business in affordable housing and general construction for a consideration of 7 million, of which 4 million has been paid in cash. The balance of 3 million will be paid as contracts transfer. We expect these operations to add approximately 100 million p.a. to the Group's revenue.
The acquired segments and 381 employees therein will be integrated into Mansell, our regional construction business. Rok's operations in affordable housing, which are principally in the South West and North West of the UK, will support Mansell's strategy of being a leading provider in affordable housing where long-term demographics are favourable. Rok's general construction activities will enhance Mansell's existing capabilities at Heathrow and Gatwick airports as well as expanding its geographical presence into the South Midlands. We are working with Rok's administrator towards an efficient transition of these operations to minimise disruption to clients and to protect jobs in the operations we are acquiring.