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

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.

BALFOUR BEATTY 2017 FULL-YEAR RESULTS ANNOUNCEMENT

Strong results demonstrate delivery of Build to Last transformation

Highlights

· Underlying profit from operations more than doubled to £196m (2016: £69m)

· All earnings-based businesses materially improved profit from operations

· Average net cash £42m (2016: £46m net debt); year end net cash £335m (2016: £173m)

· M25 partial sales in line with strategy to maximise value from Investments portfolio

· Directors' valuation of Investment portfolio unchanged at £1.2bn

· Rebased, higher quality order book of £11.4bn, in line with half year

· Recommended final dividend of 2.4 pence per share; full year 3.6 pence per share (2016: full year 2.7 pence)

· Balfour Beatty remains on track for industry-standard margins in second half of 2018

StockMarketWire.com
Balfour Beatty said Wednesday it had secured a contract from Scape Group's second generation civil engineering frameworks, valued at a combined total of up to £2.1bn revenue.

The frameworks would allow local authorities, local enterprise partnerships and other public sector bodies to commission works through a procurement process that provided the fastest route to market and utilised early contractor engagement to deliver 'best value' design solutions, Belfour said.

The two new frameworks, open to all public sector bodies in the UK, would run for a period of four years from October 2018, with schemes due to be awarded from early 2019, the company said.

'These frameworks enable us to build on our strong partnership with Scape. Our engineering and project management expertise coupled with our detailed regional knowledge supports Scape's delivery of a wide range of rapidly mobilised infrastructure projects,' said Leo Quinn, Balfour Beatty Group Chief Executive.

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