|
Balfour Beatty PLC - London-based international infrastructure construction firm - Sells Foundry Courtyard, a 536-bed student accommodation building in Glasgow, Scotland, to an undisclosed buyer. After allowing for debt repayment and normal adjusting items, it says net disposal proceeds are £26 million. Adds that the sale generates a profit on disposal of £24 million. Balfour Beatty says the proceeds are in line with its valuation as of June 27. It continues to expect gains on investment disposals for the full year in the range of £30 million to £40 million. Current stock price: 719.50 pence, down 0.2% on Friday morning in London 12-month range: up 60% Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
