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Article: United Kingdom: Balfour Beatty reveals strong platform to build for future.
- Article from:
- TendersInfo
- Article date:
- August 14, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
If Balfour Beatty, the smallest constituent of Britain s blue-chip index at present, loses its place in the FTSE 100 next month, it will not be because of errors on the company s part.
At yesterday s 346p, Balfour s shares are 5 per cent higher than in January, when the contractor entered the FTSE 100. Rather, a rally in cyclical stocks more exposed to economic recovery has forced it down the FTSE rankings, while fears over the company s exposure to government spending cutbacks about three quarters of profits come from public and regulated sectors have held the shares back from better gains. But yesterday s first-half results showed ...