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

StockMarketWire.com
Balfour Beatty, the international infrastructure group, has been awarded a £104m road scheme by Norfolk County Council to complete works on the Norwich Northern Distributor Road (NNDR).

The new road will serve Broadland, Norfolk, and improve access to North Norfolk and Norwich International Airport, with better links to Great Yarmouth and the south of the region.

It will also bring relief on congested and unsuitable roads around the north and east of Norwich and improve capacity for future growth in jobs and housing.

The company will construct the new 19.6km dual carriageway, including nine new roundabouts, seven new bridges, an underpass and a more complex two level junction. The new dual carriageway will run from the A1067 Fakenham Road, crossing the A140 at Norwich International Airport and joining the A47 at Postwick, at the eastern end of Norwich Southern Bypass.

Construction work will begin this winter and is scheduled for completion in late 2017. A workforce of over 500 will be employed on the project at construction peak.

Leo Quinn, Balfour Beatty's group chief executive, said: "This project draws on Balfour Beatty's expertise in successfully partnering with local authorities to deliver large, complex infrastructure projects."

BBY sells stake http://www.moneyam.com/action/news/showArticle?id=5166408

Another one to watch over the next 3 weeks.

Balfour Beatty wins GBP245m highways contract http://www.moneyam.com/action/news/showArticle?id=5206122

StockMarketWire.com
Balfour Beatty, the international infrastructure group, has been awarded a GBP170 million two-year extension to its Track Partnership contract for London Underground.

Track Partnership, an alliance between Balfour Beatty Rail and London Underground, is responsible for delivering essential track renewal work across the London Underground network. Balfour Beatty Rail was appointed to the initial contract in 2010, which included an option to extend for a further two years. The company will continue to provide design, labour, plant, and materials, as well as surveying, supervision and management of the works.

The scope of works includes points & crossings and ballasted track renewal installation together with associated drainage, signalling, traction power and conductor rail works.

May interest some!

Director Deals - Balfour Beatty PLC (BBY)

BFN

Leo Quinn, Chief Executive Officer, bought 218,500 shares in the company on the 22nd April 2016 at a price of 226.87p. The Director now holds 381,420 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Yes very interesting, 218,500 shares quite a wadge that.

StockMarketWire.com
Balfour Beatty's overall trading is in line with forecasts, shareholders at the annual general meeting today will be told.

A statement which will be read at the meeting says: "Balfour Beatty continues to make good progress on the Build to Last transformation programme, with overall trading remaining in line with expectations. The Group order book is expected to show some growth in the first half due to good order intake in the US, whilst the UK construction order book is expected to be broadly stable."

StockMarketWire.com
Balfour Beatty has won a £170m contract to upgrade baggage screening and handling systems for Heathrow Airport Ltd.

The project, which has been awarded through the Heathrow Airport Limited Delivery Integrator Framework to which Balfour Beatty was appointed in 2014, will involve upgrading and installing baggage screening and handling systems at Heathrow's eastern baggage facility.

The company will utilise its technological expertise across the project including the latest Building Information Modelling techniques to define the most efficient approach to design, manage logistics and to interface with live airport operations.

Group chief executive Leo Quinn said: "This contract award is testament to the strength of the partnership we have developed with Heathrow Airport Limited over the last 17 years. The UK aviation sector is a core market for Balfour Beatty and we are delighted to play our part in helping Heathrow maintain its position as a leading travel hub and supporting local employment."

StockMarketWire.com
Balfour Beatty's order book rose to £12.4bn in the six months to 1 July £12.4bn - up 7% at constant exchange rates while maintaining disciplined bidding practices.

Underlying revenue of £4,024m was down 6% at CER but the group posts an underlying profit before tax of £7m against a loss of £130m last time. The pre-tax loss of £21m was down from £150m last time.

The group had net cash of £115m, following continued working capital discipline and has agreed in principle a new pension deficit payments plan with £182m to be paid over 8 years (previous agreement: £376m).

The dividend is reinstated with an interim payment of 0.9p per share.

Group chief executive Leo Quinn: "We are now starting to see tangible benefits from the transformation of Balfour Beatty.

"Eighteen months into the first phase of Build to Last we have delivered our second successive half of underlying profitability and remain on track to achieve our initial targets of £200m cash in: £100m cost out. By concentrating on our selected markets, we are growing our order book within a control environment which ensures that our business decisions lead to sustainable profit and cash growth.

"We have maintained a strong balance sheet and expect Balfour Beatty to make further solid and measurable progress. As a result we are able to reinstate the dividend as planned.

"By the end of 2016 we will have successfully completed Phase One. Over the following 24 months, I am confident we can reach industry-standard margins and then build on the foundations Build to Last has put in place to deliver a Balfour Beatty with market-leading strengths and performance over the longer term."

Numis today upgrades its investment rating on Balfour Beatty PLC (LON:BBY) to buy (from add) and left its price target at 294p.

JP Morgan Cazenove today reaffirms its neutral investment rating on Balfour Beatty PLC (LON:BBY) and raised its price target to 280p (from 240p).

Beaufort Securities today upgrades its investment rating on Balfour Beatty PLC (LON:BBY) to hold (from sell).

StockMarketWire.com
International infrastructure group Balfour Beatty says management of legacy issues across the portfolio is proceeding to timetable and remains in line with overall expectations.

It says the first phase of the Build to Last transformation programme is now nearing completion and has delivered fundamental change to the group. The business has been simplified and the leadership team strengthened; governance and processes are in place to drive greater transparency and control.

By year end, the group expects to deliver its phase one self-help targets of £200m cash in: £100m cost out and also to have a positive net cash balance.

Looking ahead, Balfour Beatty says it continues to win landmark contracts across its chosen markets on terms which reflect the Group's improved governance and controls and its order book has remained stable during the second half of 2016.

Group chief executive Leo Quinn said: "The actions that we have taken during the first two years of Build to Last have been necessary to lay a solid foundation for long term profitable growth. Our people have responded to this challenge with passion and commitment. I am confident that the next 24 months of Build to Last will see the Group achieving industry-standard margins."

Still holding the prefs here.

StockMarketWire.com
Balfour Beatty has agreed to sell its entire share in Dutco Balfour Beatty and BK Gulf to its joint venture partner for £11m.

The deal is subject to regulatory approval.

The local partner will assume responsibility for Balfour Beatty's guarantees of bonding obligations in the joint ventures as part of the transaction. Since the start of 2015, Balfour Beatty has exited the Middle East, Indonesia and Australia in order to focus on its chosen markets, in the UK, US and Far East.

Group chief executive Leo Quinn said: "We continue to simplify the group and strengthen the balance sheet through our Build to Last programme.

"As a result, Balfour Beatty enters phase two of its transformation with a solid foundation for long term profitable growth."

StockMarketWire.com
Balfour Beatty returned to profit in the year to the end of December and its order book rose to £12.7bn - up 15% on last time and up 4% at constant exchange rates.

Underlying revenue of £8.5bn was up 4% but down 3% at CER.

The group posted underlying operating profits of £67m agaionst a loss of £106m in 2015.

On a statutory basis, the group made an operating profit of £15m against a loss of £182m last time.

Other highlights:
- In the second half of 2016 UK construction returned to underlying profitability

- Strong balance sheet: net cash at £173m, underpinned by £1.2bn Investments portfolio

- Following dividend reinstatement recommended final dividend of 1.8 pence per share (full year 2.7 pence)

Group chief executive Leo Quinn said: "The transformation of Balfour Beatty is well under way.

"We have returned the Group to profit and significantly exceeded our Build to Last Phase One targets. We have upgraded leadership, processes and controls while continuing to invest in the Group's unique strengths.

"As a result, we have improved not just the quality of our order book but our customer satisfaction scores.

"Having simplified the Group, we are focused on our core markets in the UK and US, where governments are committed to large scale expenditure on infrastructure.

"All this positions us for future profitable growth. During the next two-year phase of Build to Last, we expect to achieve industry-standard margins and over the medium term, industry-leading performance."

Jefferies International today downgrades its investment rating on Balfour Beatty PLC (LON:BBY) to hold (from buy) and cut its price target to 280p (from 290p).

StockMarketWire.com
Balfour Beatty's trading remains in line with expectations, shareholders at the annual general meeting today will be told.

The group said it continued to to make good progress on the second phase of its Build to Last transformation programme.

Hmmm - its knocked the prefs down 3.1%.

BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 30 JUNE 2017

16 August 2017

Financial Highlights
· Underlying profit from operations (PFO) £39m (2016: £11m); on track for full-year expectations
· Half-year net cash £161m, average net cash £45m - without material investment disposals
· Underlying revenue £4.2bn, up 8% (1% at CER)
· Directors' valuation of Investments portfolio up 1% at £1.235bn
· Interim dividend payment up 33% to 1.2 pence per share

Operational Highlights
· Build to Last Phase Two targets: on track for industry-standard margins in the second half of 2018
· Continued to simplify and focus the Group; exited Middle East
· Order book £11.4bn, down 8% (6% at CER); selective bidding delivering higher margins and reduced risk
· Balfour Beatty VINCI joint venture awarded two HS2 contracts in July, valued at c.£2.5bn
· Strong pipeline for US and UK businesses

more.....

Peel Hunt Add 0.00 300.00 300.00 Reiterates

Liberum Capital Buy 0.00 335.00 335.00 Reiterates