Balfour Beatty lifted by acquisition

first_img Share John Dunne Balfour Beatty lifted by acquisition whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comNinjaJournalist25 Cute Baby Animals That Will Melt Your HeartNinjaJournalistSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition CONSTRUCTION group Balfour Beatty said half-year pre-tax profit rose by 32 per cent on the acquisition of a US company last year and a strong performance in Britain and Asia.First-half pretax profit rose to 141 million pounds, compared to £107m last year, boosted by earnings at project management business Parsons Brinckerhoff.“Our strategy has been to build Balfour as a global infrastructure business … the results now reflect the acquisition of Parsons Brinckerhoff … it’s performed extremely well in the first half,” chief executive Ian Tyler said.Balfour also said it had closed a £230m street lighting contract for Coventry and signed a £460m contract for the second phase of satellite building for Heathrow Airport’s terminal two.Cuts in British public spending – which represents 20 per cent of Balfour sales – have raised concerns that the construction sector is likely to suffer a losses in earnings in the coming year.“Whilst there are challenges in some markets, overall we still would see in 2010 to 2011 areas where the business will grow,” Tyler said.The firm said its order book stood at £14.6m at June 2010, up from £14.1bn at the end of last year.Tyler said the company was very much focussed on its global growth and future acquisitions in any one of its four core divisions were always a possibility.Last month the coalition government said it would slash the Building Schools for the Future (BSF) programme, a multi-billion pound scheme to rebuild schools across Britain.Balfour, which won contracts with five local authorities and is preferred bidder with three others, has said that the cuts would not impact its order book or outlook as it represents only two per cent of its business.Tyler said that a substantial amount of contracts were funded by industry, rather than the government, another fact which he said meant Balfour center_img whatsapp Wednesday 11 August 2010 3:02 am Show Comments ▼ More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child Tags: NULLlast_img

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