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

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

Numis Buy 275.90 350.00 350.00 Retains

Link copied :- Balfour replaces Costain on Hinkley Point tunnels job

Balfour seals final Great Western electrification deal

BALFOUR BEATTY ANNOUNCES SALE OF BLACKPOOL AIRPORT

Balfour Beatty, the international infrastructure group, today announces that it has reached an agreement to sell its 95% share in Blackpool Airport to Blackpool Council, for a total cash consideration of £4.25 million.

A Balfour Beatty spokesperson said: "The sale of Blackpool Airport further simplifies the portfolio, in line with the Group's strategy".

They could of had the rest of Blackpool for another fiver 😀

Or gone for a B&B and thrown Burnley in for nought.

StockMarketWire.com
Balfour Beatty, the international infrastructure group, has been awarded a $260m contract to build the River Landing Shops and Residences project in Miami.

Balfour Beatty said the scheme is for real-estate investment trust, H&R REIT and Urbanx Company in association with real estate developer, Matthews Southwest, a long standing client since 2009.

Located on 8.1 acres along the Miami River, the mixed-use project will offer over 2 million square feet of retail and residences in Miami's Civic Centre including two residential buildings which will feature 475 rental apartments and, a five-storey shopping centre.

Construction is expected to commence in late 2017 and is scheduled for completion in the fourth quarter of 2019.

At its peak, the project will employ a team of approximately 750.

Group chief executive Leo Quinn said: 'This transformational development in the heart of Miami builds on Balfour Beatty's historical and growing relationship with Matthews Southwest as we expand on our presence in the South Florida market.'

StockMarketWire.com
Balfour Beatty said its performance remains in line with board expectations.

It said the second phase of the Build to Last transformation programme was continuing to deliver fundamental change to the group, with the business increasingly confident of achieving industry-standard margins in the second half of 2018.

The group said the year end net cash was expected to be in line with prior year, with average net cash for the year around £40 million.

The group said it continued to win new business in its chosen markets on terms and at rates which reflected the bidding discipline and risk management introduced under Build to Last.

An update said: 'The 2017 year end order book is expected to be broadly in line with the half year, post disposals.

'The Company continues to execute its strategy to simplify the group and strengthen the balance sheet.

'The proceeds from the recent disposal of Heery International, operating cash flows and expected future sales from the Investments portfolio, place Balfour Beatty in an excellent position to pay down borrowings as they fall due in 2018.'

Balfour Beatty group chief executive Leo Quinn said: 'The actions that we have taken during the first three years of Build to Last have laid a solid foundation for long term profitable growth. We continue to invest in our capabilities while de-risking the business.

'The order book increasingly consists of projects bid and delivered under our enhanced transparency, governance and controls and I remain confident that the Group will achieve industry-standard margins in the second half of 2018.'

The group's full year results will be published on 14 Mar.

Peel Hunt today reaffirms its buy investment rating on Balfour Beatty PLC (LON:BBY) and raised its price target to 350p (from 340p).

StockMarketWire.com
Balfour Beatty has been awarded a share of a $1.95bn (£1.4bn) to build a train network at Los Angeles International Airport by Los Angeles World Airports.

Balfour Beatty as part of a consortium will build and operate a 2.25-mile, above ground airport transport system connecting the LAX central terminal area to the to-be-constructed consolidated rental car facility as well as six stations and a vehicle maintenance facility.

The contract was awarded to the LAX Integrated Express Solutions (LINXS) joint venture comprising of Balfour Beatty (30%), Fluor Corporation (30%), Flatiron West (20%) and Dragados USA (20%).

Leo Quinn, Balfour Beatty Group Chief Executive, said: 'This award at LAX, one of the world's busiest airports, recognises our expertise and track record for delivering critical transportation infrastructure.