Advertisement
UK markets closed
  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     
  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     
  • AIM

    771.53
    +3.42 (+0.45%)
     
  • GBP/EUR

    1.1650
    -0.0033 (-0.28%)
     
  • GBP/USD

    1.2542
    +0.0009 (+0.08%)
     
  • Bitcoin GBP

    49,196.57
    +2,123.74 (+4.51%)
     
  • CMC Crypto 200

    1,330.67
    +53.69 (+4.21%)
     
  • S&P 500

    5,121.41
    +57.21 (+1.13%)
     
  • DOW

    38,652.93
    +427.27 (+1.12%)
     
  • CRUDE OIL

    78.53
    -0.42 (-0.53%)
     
  • GOLD FUTURES

    2,303.00
    -6.60 (-0.29%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     
  • DAX

    18,001.60
    +105.10 (+0.59%)
     
  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     

BUZZ-Balfour Beatty: broker boost

** Balfour Beatty (Other OTC: BAFBF - news) , which is embarking on a turnaround after a string of profit warnings last yr, up 2.8 pct & poised for biggest one-day rise in a month as Jefferies upgrades to "buy" vs "underperform"

** Broker highlights positive outlook for co's key construction mkts in UK & US; sees Balfour as a 2-3 yr recovery story & looks to 2016 & 2017 profitability

** Goldman Sachs (NYSE: GS-PB - news) reinstates coverage on co as "neutral", awaits details on new business plan at FY14 results on March 25

** Six profit warnings in two years, alongside managerial changes have taken their toll on BB's shares, which have lost around a fifth of their value in the last 12 months

(RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)