Balfour Beatty profits rise 42%
Construction firm Balfour Beatty has announced what it’s calling a strong financial performance in its 2022 half-year results. Figures show its underlying profit from operations is up 42% from £60 million a year ago to £85 million, and the order book has gone up 10% to £17.7 billion. It’s now holding £811 million in cash […]
Balfour Beatty rolls out automated cone laying machines
Balfour Beatty has become the first construction company in the UK to roll out Automated Cone Laying Machines, a new pioneering technology to reduce the risks associated with cone laying activities across its Highways operations. Whilst cone laying remains essential to delineate traffic during maintenance works, it also poses one of the biggest risks facing […]
Balfour Beatty joint venture awarded two development contracts in Hong Kong
International infrastructure group Balfour Beatty has announced its 50:50 joint venture, Gammon, has secured two significant development projects with a combined value of HK $6.1 billion (c. £635 million) for two new government buildings and five residential towers, located in Kowloon, Hong Kong. Gammon will be responsible for the design and construction the Kwun Tong […]
Balfour Beatty appoints UK Director of Sustainability
Contractor Balfour Beatty has announced the appointment of Jo Gilroy as UK Director of Sustainability. Ms Gilroy, who joins the company this week, will be responsible for supporting and guiding the business in driving forward Balfour Beatty’s sustainability strategy across the UK, as well as reporting the Group’s performance against the bold targets and ambitions […]
Balfour Beatty wins £530 million American contract
International infrastructure group Balfour Beatty has been awarded a c$697 million (£530 million) design and construct contract at Fort Meade, Maryland, US by the US Army Corps of Engineers. The contract will see Balfour Beatty design and construct the East Campus Building number 4 and a 1,180,000 square foot parking structure on the US Army […]
New ITS (UK) members share vision for their participation
Three of the newest members of the UK’s Intelligent Transport Systems industry association have summarised their organisations’ operations and outlined their plans for their involvement in the society. Representatives of Balfour Beatty, Amalo Consulting and Wood all joined ITS (UK) Executive Members at the latest Council meeting in London, which was also streamed to participants […]
Balfour Beatty results “ahead of expectations”
Balfour Beatty have published full year results which show continued recovery in underlying profit from operations, reaching £197 million, compared to £51 million in 2020. The multinational infrastructure group says its underlying PFO from earnings-based businesses has reached £181 million, which is ahead of expectations. In 2020 it made £75 million, compared to £172 million […]
Caernarfon and Bontnewydd bypass to open
The new A487 Caernarfon and Bontnewydd bypass has been completed ahead of time, but will open a day later than planned for safety reasons, on Saturday 19 February rather than Friday 18 February in order not to encourage any unnecessary travel during Storm Eunice. Construction of the £139m scheme, delivered by the Balfour Beatty Jones […]
Balfour Beatty appoints Infrastructure Investments CEO
International infrastructure group Balfour Beatty has appointed Gavin Russell as CEO of its Infrastructure Investments business. Reporting directly to Group Chief Executive, Leo Quinn, he will have responsibility for the company’s £1.1 billion Infrastructure Investments portfolio across the UK and US. He will also be a member of Balfour Beatty’s Group Executive Committee. Prior to […]
ITS (UK) finishes year with a surge of new Members
The vehicle safety testing centre Thatcham Research, international infrastructure group Balfour Beatty and CCTV technology company Exeros Technologies have become the latest Executive Members of the country’s Intelligent Transport Systems Industry Association, ITS (UK). Executive Members of the Society are seen as industry leaders and help run the organisation and set its direction and focus. […]
