Balfour Beatty PLC BBY

Latest Morningstar Commentary
DateAuthor Headline
03/05/2013Rodney Hobson Balfour Beatty? Balfour Beat Me!
THE WEEK: A second profit warning from the infrastructure and construction group has Morningstar columnist Rodney Hobson wishing he'd heeded the hidden warnings
26/04/2013Rodney Hobson Benefiting from Investing in Private Finance Initiatives?
THE WEEK: Why the PFI legacy has investors laughing all the way to the bank and the welcome--but cautionary--news of UK GDP growth
21/12/2012Rodney Hobson Stock Ideas for your Stocking
Morningstar columnist Rodney Hobson discusses Balfour Beatty, Thomas Cook and UK retail sales in the lead up to Christmas
09/11/2012Rodney Hobson Election Recap & Stock Market Musings
Morningstar columnist Rodney Hobson reviews the election results, the challenges facing the US economy, and reveals one stock pick that went sour

Latest Company News

DateTimeSourceHeadlineType
Previous Stories...
18/06/201312:53DJDJ Moody's Upgrades Consort Healthcare (Salford) Plc To Baa1; Outlook PositiveOUT
17/06/201312:16RNSBalfour Beatty PLC - Director/PDMR ShareholdingRDS
10/06/201307:24DJDJ Balfour Beatty Names Nick Pollard UK Construction CEO, to Close 3 SitesMGT
10/06/201307:20DJDJ Balfour Beatty Awarded GBP110M Providence Tower Pact In LondonOUT
10/06/201307:05RNSBalfour Beatty PLC - Contract WinCNT
10/06/201307:00RNSBalfour Beatty PLC - Update on UK Construction BusinessMSC
04/06/201318:29RNSBalfour Beatty PLC - Holding(s) in CompanyHOL
04/06/201300:19DJDJ Clayton Dubilier & Rice Mulls Deal for Two Facilities Management Businesses -FTMNA
03/06/201318:29RNSBalfour Beatty PLC - Holding(s) in CompanyHOL
03/06/201318:29RNSBalfour Beatty PLC - Blocklisting Interim ReviewBLR
03/06/201308:01RNSBalfour Beatty PLC - Total Voting RightsTVR
22/05/201310:09RNSBalfour Beatty PLC - Result of Class MeetingREG
16/05/201317:51RNSBalfour Beatty PLC - Result of AGMRAG
16/05/201316:40RNSBalfour Beatty PLC - Director/PDMR ShareholdingRDS
16/05/201308:48DJDJ Balfour Beatty Alliance Gets GBP76.5M Australian ContractOUT
16/05/201307:00RNSBalfour Beatty PLC - Contract WinCNT
15/05/201307:40DJDJ Balfour Beatty Joint Venture Wins Water Contract Worth GBP1B-GBP1.5BOUT
15/05/201307:00RNSBalfour Beatty PLC - JV awarded Thames Water ContractCNT
14/05/201307:43DJDJ Balfour Beatty: No Change in Performance Since April 29ERN
14/05/201307:00RNSBalfour Beatty PLC - Interim Management StatementIMS
Regulatory News Abstract
DateType Story
10/06/2013Business Event Contract win
The company has been awarded a contract in excess of £110m to construct the 43.0-storey Providence Tower residential scheme for Landor - a wholly owned subsidiary of The Ballymore Group. Upon completion, the structure will be the tallest building constructed by Balfour Beatty in the UK.
22/05/2013Business Event Result of Class Meeting
At the company's adjourned Class Meeting of preference shareholders, special resolution to authorize the directors to purchase the company's ordinary and preference shares, was duly passed
16/05/2013Business Event Result of AGM
At the company's AGM held on 16 May 2013, all the resolutions including special resolutions to authorize the directors to allot Ords for cash, to authorize the company to make market purchases of its Ords and preference shares and to call a General Meeting of the company other than AGM on not less than 21 clear days' notice, were duly passed
16/05/2013Business Event Contract win
The company is awarded a major contract in Melbourne, Australia as part of the NetworX Alliance team by Victoria's Road Authority. The £76.5m contract will remove a pivotal rail/road level crossing in Melbourne. Work is due to start in May 2013 and will be completed by the end of 2014
15/05/2013Business Event JV awarded Thames water contract
The company announces that its joint venture with Skanska and MWH Global, SMB, has secured a seven-year contract with Thames Water to ensure the resilience of the water infrastructure in London and the South for future generations. The contract is worth £1.00 billion to £1.50 billion to the joint venture, shared equally between the three partners. It will begin in May 2013 with the 23-month Early Contractor Involvement phase, in preparation for the delivery of the sixth Asset Management Plan
14/05/2013Trading Statement Profits to be skewed
"...we expect our profits to be more heavily skewed to the second half than in previous years"
09/05/2013Business Event Extension on California High Speed Rail Contract
The company announces that the California High-Speed Rail Authority has awarded a two-year £78.0m contract extension to Parsons Brinckerhoff, its professional services division, for programme management services on the California High-Speed Rail project
01/05/2013Disposal Sale of PFI assets
The company announces the completion of two PFI disposal transactions: The group has sold its 50.0% interests in four PFI schools projects in Birmingham, Bassetlaw, Stoke and Rotherham to Innisfree for £42.5m. The company has also completed the sale of its 50.0% interest in the Tameside Hospital PFI to a subsidiary of HICL Infrastructure Company Ltd for a consideration of £16.0m
29/04/2013Trading Statement Profit warning
"...expected to deliver significantly lower profits from operations for 2013 than management's expectations at the time of the full-year results announcement in March"
29/04/2013Business Event Notice of Interim Management Statement
The company will release its Q1 Interim Management Statement on 14 May 2013
24/04/2013Adviser Change Appointment of Financial PR
Maitland has been appointed as Financial PR Adviser to the company
08/04/2013Business Event Notice of AGM
At the company's AGM to be held on 16 May 2013, special resolutions to authorize the directors to allot Ords for cash, to authorize the company to make market purchases of its Ords and preference shares and to call a General Meeting of the company other than AGM on not less than 21 clear days' notice, will be proposed
21/03/2013Non-Exec Director Change Hubertus Krossa leaves board
Hubertus Krossa, non-executive director, will retire from the board with effect from AGM 2013
07/03/2013Business Event Rail contract award
The company announces that Network Rail has awarded them the contract for the final phase which will see them build the new station in Abbey Wood, including the replacement of its two existing platforms
06/03/2013Adviser Change Change of Remuneration Consultant
PricewaterhouseCoopers LLP is no longer named as the lead remuneration consultant to the company
06/03/2013Trading Statement Well position for the mid term
ch - "We believe our transition to focus on growth geographies and sectors will position us well for the mid term.
06/02/2013Business Event £64.0m Dubai Airport contract
The company has been awarded £64.0m mechanical and electrical engineering contract to work on a project that will help Dubai International Airport deal with millions more passengers each year. Work has commenced, with the project due for completion by the end of 2014
01/02/2013Business Event Statement regarding press speculation
The company notes press speculation regarding its UK facilities management business and confirms that it is currently exploring strategic options for this business in keeping with its strategy to focus on economic infrastructure
24/01/2013Business Event Forming of Australian bid consortium
The company has entered in a 50:50 partnership with Transfield Services to form a bid consortium for targeting State government outsourcing opportunities in highways maintenance on the East Coast of Australia
10/01/2013Business Event Reaches first close on infrastructure fund
The company announces that its infrastructure funds management business, Balfour Beatty Infrastructure Partners, has reached first close on its first fund. On 10 January 2013, Balfour Beatty Infrastructure Partners fund reached first close with US$317m of commitments, of which the company has committed US$110m
08/01/2013CEO Change Mr Ian Tyler leaves board
Mr Ian Tyler, Chief Executive Officer, will step down from the board with effect from 31 March 2013
08/01/2013CEO Change Mr Andrew McNaughton changes roles
Mr Andrew McNaughton, Deputy Chief Executive Officer, will be appointed as Chief Executive Officer with effect from 31 March 2013
07/01/2013Business Event Contract for M25 motorway upgrade
The company has been awarded a £321m design and construction contract to upgrade sections of the M25 London orbital motorway for the Highways Agency. This scheme includes the upgrade of the central reservation to a concrete barrier to restrict the impact of incidents and reduce delays for motorists, as well as the installation of road management technology including electronic matrix signs, CCTV cameras and emergency refuge areas for vehicles. Work on the 25 month contract will begin in January this year, and is scheduled for completion by February 2015
07/01/2013Business Event Contract win
The company announces that Parsons Brinckerhoff has received a contract from Calpine Garrison LLC, to design and build the Garrison Energy Center, a 309MW combined cycle gas-fired power plant in Delaware, USA. The project is expected to begin construction in early 2013 with completion expected during the summer of 2015
04/01/2013Business Event Contract win
The company has been awarded a five-year highway maintenance contract worth £150m by Wiltshire Council. The contract is due to start on 1 June 2013 and remains subject to the formal legal procedures for awarding the contract
03/01/2013Acquisition Acquisition of Subsurface Group
The company has acquired Subsurface Group, Inc to expand Parson Brinckerhoff's Energy Storage Services business in the USA