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

Chris - I've just checked - its on in the early hours this Friday, so I've set the recorder.

skinny - I don't own any stock, sp certainly so far anyway hasn't suffered as a result of last nights programme today, but can't say I'm that surprised. On my watch list.

I have some and nearly added last week under 215 - and now ruing that decision. I like the fact that there almost a constant news flow, also at today's price the yield is @5.4%.

Divi payment 09/12, tempted to have a punt now but more sense to wait and see how sp reacts after divi payment, bit wary market could go to hell in a handcart or not before then.

BALFOUR BEATTY SIGNS 850 MILLION CREDIT FACILITY

Balfour Beatty plc confirms that it has put in place a five-year 850 million syndicated revolving credit facility from a number of leading international financial institutions.

The Royal Bank of Scotland plc acted as Bookrunner on the transaction. The mandated lead arrangers are the Royal Bank of Scotland plc, HSBC Bank plc, Bank of America Merrill Lynch, Credit Agricole SA and Royal Bank of Canada, with Bank of America Merrill Lynch acting as Facility Agent.

The syndicated facility refinances a number of bi-lateral agreements which were due to expire in the next 12 to 15 months. It ensures Balfour Beatty has secured access to committed funding for the next five years and will be used for general corporate purposes.

Chief Financial Officer, Duncan Magrath, commented: "We are pleased to have secured this long-term and competitively-priced funding at a challenging time in the financial markets. After launching at 700 million and closing at 850 million, our agreed facility is indicative of the strength of the Balfour Beatty business and the confidence our lenders have in us."

ENDS

BALFOUR BEATTY APPOINTED PREFERRED BIDDER
FOR GBP500M WASTE PROJECT

Balfour Beatty, the international infrastructure group, announces today that it has been appointed preferred bidder for the 500 million Gloucestershire Residual Waste Project in joint venture with Urbaser. The 28-year PPP project involves the design, build and operation of an energy-from-waste facility for Gloucestershire County Council.

BALFOUR BEATTY JV AWARDED GBP414 MILLION
GAS NETWORKS CONTRACT

Balfour Beatty the international infrastructure group has been awarded, in a joint venture with CLG Developments Ltd (CLG), a £414 million contract by Bord Gais Networks in the Republic of Ireland.

The nine-year contract is for the installation and maintenance of vital gas transmission and distribution networks across Ireland, including the delivery of new construction, emergency response and planned maintenance services. Work will commence early in the New Year.

Ian Tyler, Balfour Beatty Chief Executive, commented:

"The Bord Gais award represents a significant development for our international utilities business. We are delighted to make this commitment to the Irish market and to continue to build upon our strategy to develop our international capability in the power sector.

"CLG has a proven track record of creating essential utility infrastructure in Ireland and we look forward to working with them to deliver gas networks for the people of this country."

RNS Number : 3788U
Balfour Beatty PLC
21 December 2011



21 December 2011

BALFOUR BEATTY PLC

BALFOUR BEATTY AWARDED MELBOURNE RAIL CONTRACT

Balfour Beatty, the global infrastructure group, announces that, in an alliance with Thiess and Sinclair Knight Merz, it has been awarded an A$835 million (£535 million) contract for works on the Footscray to Deer Park section of the Regional Rail Link project in Melbourne, Australia. Balfour Beatty has a 35% share in the alliance in which it will play a vital role by combining its rail infrastructure capabilities and its professional services through Parsons Brinckerhoff.

The alliance partners will work with the Regional Rail Link Authority, Metro Trains Melbourne (MTM) and V/Line to design and construct the first major new rail line for metropolitan Melbourne in 80 years. Considered a critical component of Melbourne's rail network, the Regional Rail Link will separate regional trains from metropolitan trains for the first time, giving trains dedicated tracks and hence, increasing capacity and reliability.

The project involves the construction of 7.5 kilometres of new track, rail bridges, a new station at West Footscray, and upgrades and improvements to the current infrastructure. Balfour Beatty will put in place the rail systems including signalling and track and will act as the programme manager for the project. Major works are expected to commence in early 2012.

Balfour Beatty Chief Executive, Ian Tyler, said: "The Melbourne rail contract win is really pleasing from a number of perspectives. Firstly, as a global player in rail technology, we are pleased to play a part in this historical development for rail in Australia - a buoyant market where we are developing a healthy market position.

"Furthermore, it is rewarding to see our strategy in action. We have harnessed our skills and capabilities in rail as well as in Parsons Brinckerhoff to gain a position as a joint-venture partner in the design and construction of a complex rail project. This win aptly demonstrates the success of our strategy to integrate the Group's capabilities to manage complexity for our customers."

ENDS

Contract.

BALFOUR BEATTY SECURES MAJOR EXTENSION TO
NATIONAL GRID FRAMEWORK AGREEMENT

Balfour Beatty, the international infrastructure group, has secured a five-year extension to its existing contract with National Grid to maintain and upgrade the UK's electricity transmission network in an agreement worth up to £750 million.

The contract, involving design, programme management, construction and technical support for National Grid's electricity network, draws on a wide range of Balfour Beatty resources. It further demonstrates the Group's infrastructure capabilities, particularly in areas where clients face large and complex challenges.

Balfour Beatty and National Grid formed the Electricity Alliance East (EAE) partnership five years ago to secure the long-term stability of much of the UK network. Work involves the ongoing maintenance and refurbishment of overhead transmission lines, as well as designing and delivering National Grid's upgrade plans across the network.

Commenting on the announcement, Balfour Beatty Chief Executive, Ian Tyler, said:

"National Grid is one of our longest held relationships and we are delighted at their decision to extend the long-term partnership with Balfour Beatty.

"This further reinforces a strong, strategic alliance bringing continuing value as well as ongoing certainty to a core element of the UK's infrastructure."

ENDS

BALFOUR BEATTY TRADING UPDATE

Balfour Beatty plc, the international infrastructure group, is providing this trading update in advance of its results for the year ended 31 December 2011 which will be announced on 8 March 2012.

Trading

Further to our Interim Management Statement of 10 November 2011, overall trading remains in line with our expectations.

Order book remained stable over the year despite weak market conditions in some of our core markets at a level in excess of £15 billion. During the year, Support Services and US Construction order books increased while the UK Construction order book contracted.

Other matters

Following our previously announced decision to dispose of our 25.5% effective interest in Barking Power Limited, we sold the asset to the Balfour Beatty Pension Fund at book value of £55 million. The transaction was completed in December 2011 by way of a £55 million additional contribution to the pension fund; this reduced the pension deficit and enabled the fund to make the purchase.

Our average net cash for the year was approximately £200 million reflecting investments completed during the year and cyclical unwind of working capital. Year-end net cash was at a similar level to that at the half-year.

Outlook

We continue to manage the business on the basis that conditions in our core markets will remain difficult while positioning the Group to take advantage of the positive medium and long-term prospects for infrastructure markets.

ENDS

BALFOUR BEATTY JOINT VENTURE AWARDED NETWORK RAIL SIGNALLING FRAMEWORKS

Balfour Beatty, the international infrastructure group, announces that Signalling Solutions Limited (SSL), its 50/50 joint venture with Alstom, has been successful in the tendering process for the new signalling frameworks on behalf of Network Rail.

BALFOUR BEATTY AWARDED COMMERICAL PROPERTY
SCHEMES TOTALLING £100 MILLION

THALES-BALFOUR BEATTY CONSORTIUM AWARDED £335 MILLION
DANISH RAIL SIGNALLING CONTRACT

Balfour Beatty, the international infrastructure group, announces today that in consortium with Thales, it has been awarded a £335m contract by the railway operator and developer in Denmark, Banedanmark, to transform much of the country's rail signalling system.

Balfour Beatty Rail and Thales will form a collaborative and integrated team to deliver this exciting project covering approximately 60% of Denmark's railway network. Balfour Beatty's part in the contract, which is valued at £90m, involves an integrated approach to the project by its Rail division in signalling installation, complemented by programme management services from Parsons Brinckerhoff.

Following the European Union rail network directive, which requires operators to upgrade train protection systems, Banedanmark has opted to replace its existing signalling system with a new, technologically advanced system aimed at improving efficiency, safety and punctuality.

Commenting on the award, Balfour Beatty Chief Executive, Ian Tyler, said:

"This award represents further evidence of both the geographic reach and technical capability of the teams in our Rail and Professional Services divisions, the combined skills of which were critical in securing this award. Working in partnership with our colleagues at Thales, we look forward to helping create a new benchmark for rail signalling performance on behalf of this valued client."

ENDS

A good start for the week, so far today.

I like these results on Thursday .......

Waiting in anticipation.

Anticipate no more!

Full Year Results.

Highlights

· Strong performance demonstrates the diversity, flexibility and resilience of our business
· Order book stable at £15.2bn
· Revenue1 up 5%; up 6% on a constant currency basis and 4% on an organic basis
· Underlying profit from operations improved in all divisions except for Construction Services
· Existing cost efficiency programme delivering, with £15m of savings in 2011; a further £50m pa of savings targeted through a broader programme over the next three years
· £20m gain from infrastructure investment disposals; Directors' valuation of the PPP portfolio increased to £743m
· Earnings per share up 9%; dividend increased by 9% to 13.8p
· Net cash position strong at £340m

JV lands GBP507 million Hong Kong airport 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$6.2 billion (£507 million) development contract at Hong Kong International Airport (HKIA). This is the biggest "solo" contract ever awarded to Gammon Construction and, coming on the back of other recent significant contract awards, is further evidence of the growth potential in this market.

BALFOUR BEATTY SECURES £230 MILLION
PPP HOUSING PROJECT WITH US AIR FORCE

Balfour Beatty, the international infrastructure group, announces today that Balfour Beatty Communities, a division of its US PPP concession arm, has reached financial close on a $362 million (£230 million) project to design, build and renovate 3,268 military homes at four bases in California, Wyoming, Montana and Missouri for the US Department of the Air Force.

350p is my short term target.