ranaweeram
- 10 Sep 2003 18:30
skinny
- 17 Jun 2011 07:29
- 54 of 424
RNS Number : 6025I
Balfour Beatty PLC
17 June 2011
BALFOUR BEATTY ACQUIRES
US WATER AND WASTEWATER CONTRACTOR
Balfour Beatty, the international infrastructure group, announces today that its US Construction Services division has acquired Fru-Con Construction LLC, a leading water and wastewater infrastructure contractor, for a net cash consideration of US$20 million (GBP12 million).
Fru-Con, which is based in Virginia, has annual revenue of approximately US$80 million (GBP49 million) and was acquired from Bilfinger-Berger.
The acquisition adds to Balfour Beatty's expertise in water infrastructure projects and will enable it to grow further in the mid-Atlantic and California markets, as well as other regions including the Carolinas, Georgia, Florida and Texas.
Balfour Beatty Chief Executive, Ian Tyler, said:
"The acquisition of Fru-Con is a significant step in enhancing our capabilities in the attractive US water market."
skinny
- 06 Jul 2011 08:40
- 55 of 424
RNS Number : 8220J
Balfour Beatty PLC
06 July 2011
BALFOUR BEATTY TRADING UPDATE
Balfour Beatty plc, the international infrastructure group, provides this trading update ahead of its results for the half-year ended 1 July 2011 which will be announced on 17 August 2011.
There has not been any material change in trading conditions since our Q1 Interim Management Statement of 10 May 2011. As a result, overall trading performance continues to be consistent with our expectations. As indicated in our previous announcements, we expect the split of profits to be more second-half weighted than in 2010.
At an operational level, we are reassured by the stability of our order book in the first five months of the year. We expect to maintain this position at the half-year and improve the order book further as a result of the acquisition on 30 June 2011 of Howard S. Wright in the US.
We continue to use our strong balance sheet to invest in our business in order to drive organic growth, improve operational performance and cost-effectiveness and build capability through selective acquisitions such as Howard S. Wright. These factors, combined with fluctuations in working capital, are expected to result in a reduction in the net cash position.
We are pleased to report that our businesses have continued to adapt well to the challenges facing our industry, and the medium and long-term prospects for infrastructure markets remain positive.
ENDS
skinny
- 17 Aug 2011 12:13
- 56 of 424
Half Yearly results.
Half-year highlights
First-half performance demonstrates the diversity, flexibility and resilience of our business
Order book up 6% at 15.5bn; up 8% on a constant currency basis
Revenue1 up 1%; up 3% on a constant currency basis
14m gain from infrastructure investment disposal, improving underlying profit from operations
Underlying pre-tax profit up 4%
Interim dividend increased by 5% to 5.3p
Strong net cash position at 292m after acquisitions, investments and working capital outflow (before non-recourse net debt)
skinny
- 22 Aug 2011 07:37
- 57 of 424
RNS Number : 7402M
Balfour Beatty PLC
22 August 2011
BALFOUR BEATTY ACQUIRES
LEADING OFFICE FIT-OUT CONTRACTOR
Balfour Beatty, the international infrastructure group, announces today that it has acquired Office Projects Group Limited (OPL) for a consideration of GBP8m.
OPL manages and delivers commercial interior and exterior fit-out and refurbishment projects for a range of blue-chip UK customers. The acquisition represents a strategic fit with Balfour Beatty's existing capabilities, further extending the company's skill base within the fit-out market.
ENDS
skinny
- 26 Aug 2011 08:56
- 59 of 424
And a tad lower!
skinny
- 20 Oct 2011 07:05
- 60 of 424
RNS Number : 5283Q
Balfour Beatty PLC
20 October 2011
BALFOUR BEATTY JOINT VENTURE AWARDED GBP724 MILLION
RAIL INFRASTRUCTURE CONTRACT
Balfour Beatty, the international infrastructure group, announces today that Gammon Construction, the market-leading contractor in Hong Kong in which Balfour Beatty has a 50% shareholding, has been awarded a HK $8.9 billion (GBP724 million) rail infrastructure contract, in joint venture with Leighton Asia, by MTR Corporation.
The contract, in which Gammon has a 50% share, is for the construction of a major terminus station in the West Kowloon district and part of the Hong Kong section of the Guangzhou - Shenzhen - Hong Kong Express Rail Link (XRL) which forms part of China's strategic national express rail network. It is the second XRL contract secured by the joint venture, following the award of the West Kowloon Terminus Approach Tunnel South in 2010.
Commenting on the contract award today Balfour Beatty Chief Executive, Ian Tyler, said:
"This is a very significant contract win and evidence of our strength of capability and reputation for quality in the region. We are pleased that MTR Corporation has chosen to continue the long association with Gammon, significantly extending our scope of work on this project which, when complete, will provide a world class rail terminus and serve as an international gateway to China."
Construction works are scheduled to begin in October 2011 with an expected completion date in 2015.
skinny
- 26 Oct 2011 07:05
- 61 of 424
RNS Number : 8251Q
Balfour Beatty PLC
26 October 2011
BALFOUR BEATTY AWARDED CONSTRUCTION CONTRACT FOR
M4/M5 MANAGED MOTORWAY SCHEME
Balfour Beatty, the international infrastructure group, announces today that it has been awarded the GBP77.6 million M4/M5 managed motorways scheme construction contract, near Bristol, by the Highways Agency who manage, maintain and improve England's motorways and trunk roads.
The scheme, the first managed motorways scheme in the South West of England, will utilise a range of innovative technology, combined with new operating procedures, to actively control and improve traffic flow, cutting congestion, regulating journey times and improving road safety.
Balfour Beatty's scope of work will allow the Highways Agency to introduce variable mandatory speed limits and open up the hard shoulder to traffic during periods of exceptionally heavy traffic at congestion bottle necks on the M4 and the M5.
Commenting on the award today Balfour Beatty Chief Executive, Ian Tyler, said:
"This is an innovative scheme that will assist in bringing greater capacity to our motorway network. We are pleased to continue our long relationship with the Highways Agency, and look forward to helping them deliver positive benefits to road users."
Subject to statutory processes construction work is due to start between January and March 2012 with the completed scheme opening to traffic in 2013-14.
ENDS
skinny
- 08 Nov 2011 07:25
- 62 of 424
RNS Number : 6548R
Balfour Beatty PLC
08 November 2011
BALFOUR BEATTY PREFERRED BIDDER FOR
MAJOR US MILITARY HOUSING SCHEME
Balfour Beatty has been selected to construct and manage 4761 new homes for the American military in a $470 million (GBP293.4 million) deal announced by the United States Air Force.
The Air Force said Balfour Beatty Communities has been selected as 'Highest Ranked Offeror' (preferred bidder) for a 50-year project to deliver the long-term development and management of housing units at six Air Force bases.
The announcement broadens the geographic presence of Balfour Beatty Communities throughout the US and increases the Group's military housing footprint to 53 military installations in 25 states and Washington DC.
Balfour Beatty Construction US will build the new homes at bases in North Dakota, South Dakota, Idaho and New Mexico by 2018, with the ongoing maintenance of the properties managed by Balfour Beatty Communities.
Balfour Beatty Chief Executive, Ian Tyler, said: "We are delighted to have been selected on such a prestigious project. Balfour Beatty Communities continues to lead in the US PPP military accommodation market with a high quality portfolio of ongoing concessions."
ENDS
skinny
- 10 Nov 2011 07:13
- 63 of 424
Interim Management Statement.
Trading
There has not been any material change in trading conditions since our half-year results announcement on 17 August 2011. Overall, our trading performance continues to be consistent with our expectations.
Our order book remains in line with the 15.5 billion reported at the half-year with a small increase in the US construction order book offset by a reduction in UK construction. In a challenging environment of government austerity and shortage of private finance, this is testament to the resilience of our business, our geographic spread, and diverse capabilities and end-markets. The actions we have put in place to lower our cost base and to focus our efforts in markets with the greatest opportunities are reflected in the performance of the business.
On an operational level, we have recently completed a significant number of large projects successfully around the world and have continued to improve our track record as an infrastructure business with global scale, broad capabilities and differentiated core skills.
skinny
- 14 Nov 2011 15:29
- 64 of 424
Balfour Beatty plc ("the Company") received notice today from Citigroup Global Transaction Services, on behalf of Standard Life Investments Limited ("Standard Life"), that Standard Life now hold 41,130,821 50p Ordinary Shares in the Company ("Ordinary Shares"), representing 5.98% of the total voting rights of the Company.
Of the 41,130,821 Ordinary Shares, the Company has been advised that 23,842,916 (3.47%) comprise a direct interest in the Company's total voting rights and that 17,287,905 (2.51%) comprise an indirect interest in the Company's total voting rights.
Fred1new
- 14 Nov 2011 19:39
- 65 of 424
Skinny.
You are working hard on this company.
skinny
- 14 Nov 2011 20:22
- 66 of 424
Fred - I do on quite a few :-)
Fred1new
- 14 Nov 2011 20:38
- 67 of 424
Good lad,
I hold a few of these.
Also, a few TW.
Both should do well.
Hope I live long enough. 9-)
skinny
- 21 Nov 2011 11:22
- 68 of 424
Approaching the year low @224 - yield 5.64%.
skinny
- 24 Nov 2011 12:19
- 69 of 424
BALFOUR BEATTY JV AWARDED WHITECHAPEL CROSSRAIL CONTRACT
Balfour Beatty plc, the international infrastructure group, announces that, in joint venture, it has been awarded the Whitechapel Crossrail contract worth 110 million.
The joint venture partners comprising Balfour Beatty, Morgan Sindall and Vinci Construction have a track record of delivering major infrastructure schemes, not only in London, but throughout the world.
The project comprises demolition of the existing station, construction of a new ticket hall behind the retained station fade, upgrading and extending the Hammersmith & City and District Line platforms and constructing a new station bridge concourse in and over the East London Line cutting. The works will also include the shafts and platforms for the Crossrail tunnels plus related architecture and mechanical and electrical (M&E) infrastructure.
Ian Tyler, Chief Executive, Balfour Beatty, said:
"We are delighted to have been awarded this Crossrail contract. We, together with our joint venture partners, are using the full range of skills, resources and technical expertise required to deliver not only this contract, but the Whitechapel and Liverpool Street station tunnels project, awarded to the joint venture in January this year."
skinny
- 29 Nov 2011 07:26
- 70 of 424
BALFOUR BEATTY AWARDED QATAR INFRASTRUCTURE CONTRACT
Balfour Beatty, the global infrastructure group, today confirmed its professional services division had been awarded the programme management consultancy contract on a 5 billion roads and drainage scheme in Qatar.
Under the five-year commission, worth 104 million, Parsons Brinckerhoff will have overall responsibility for management and coordination of all construction, logistics and supply chain interfaces with Ashghal, the public works authority of Qatar. Parsons Brinckerhoff will also oversee general engineering consultants for each of five geographic zones comprising Qatar.
Balfour Beatty Chief Executive, Ian Tyler, said: "This very welcome announcement for Parsons Brinckerhoff supports our focus on infrastructure and reinforces the importance of growth markets to our strategy."
ENDS
skinny
- 29 Nov 2011 09:54
- 72 of 424
Chris - something along those lines :-) If you mean the panorama, I didn't see it - but it sounds like I should watch it!
Chris Carson
- 29 Nov 2011 10:01
- 73 of 424
skinny - I did, shocking. Make your own mind up though :O)