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

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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