|Bid||242.80 x 0|
|Ask||243.20 x 0|
|Day's range||236.60 - 244.40|
|52-week range||2.56 - 296.93|
|Beta (5Y monthly)||0.59|
|PE ratio (TTM)||13.00|
|Earnings date||12 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||21 May 2020|
|1y target est||338.33|
"The Hub," Alaska Airlines’ new 128,000-square-foot corporate office by general contractor Howard S. Wright recently opened in SeaTac.
Engineering News Record (ENR) has named Balfour Beatty the Southeast’s No. 1 contractor in the education market sector for 2020.
Balfour Beatty has started in-kind construction services for Atlanta Mission’s Restoration House for women and children battling homelessness.
The Balfour Beatty (LON:BBY) share price has risen by 2.53% over the past month and it’s currently trading at 271.2. For investors considering whether to buy,...
In this article we will quickly re-cap the broker forecasts for Balfour Beatty (LON:BBY). The Balfour Beatty share price has risen by 8.38% over the past month...
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The Balfour Beatty (LON:BBY) share price has risen by 3.63% over the past month and it’s currently trading at 246.5265. For investors considering whether to bu...
Balfour Beatty joint venture has been conditionally selected to deliver the Oak Hill Parkway project for the Texas Department of Transportation.
You can share your thoughts with Thyagaraju Adinarayan (firstname.lastname@example.org), Joice Alves (email@example.com) and Julien Ponthus (firstname.lastname@example.org) in London and Stefano Rebaudo (email@example.com) in Milan. Q1 results: you better hold on tight, but in H2 there will be a recovery, probably not yet as safe as many investors would like, but it could be something close to the end of the tunnel. According to IBES estimates, EPS is expected to fall 21% year on year in Europe and 10% in the U.S., and "the final numbers will likely be worse as the global economy has come to a standstill, which might be not be fully factored into consensus," Barclays analysts write in a note.
Wall Street closed higher last night, driven by hopes of some lockdown restrictions being lifted, a fall in New York's total hospitalizations and better earnings from consumer giant Johnson & Johnson. In all, it calculates the loss to the world economy over two years at $9 trillion, more than the combined gross domestic product of Germany and Japan.
Britain has given the green light for companies to start putting spades in the ground to build a new high speed rail line, saying that work could proceed in line with coronavirus safety guidelines despite the national lockdown. Prime Minister Boris Johnson announced in February that the line, known as HS2 which connects London to northern England, would go ahead. "This next step provides thousands of construction workers and businesses across the country with certainty at a time when they need it, and means that work can truly begin," HS2 minister Andrew Stephenson said.
Balfour Beatty plc (LON:BBY) shareholders should be happy to see the share price up 10% in the last month. But that...
“At the end of the day, the most important thing is how good are you at risk control.” So said legendary stock trader Paul Tudor Jones. Investors would do well8230;
In 2015 Leo Quinn was appointed CEO of Balfour Beatty plc (LON:BBY). First, this article will compare CEO compensation...
* Wall Street hits another record Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (firstname.lastname@example.org), Joice Alves (email@example.com), Julien Ponthus (firstname.lastname@example.org) in London and Danilo Masoni (email@example.com) in Milan. The STOXX 600 closed up 0.6% at 431.07 points, that's just 0.06 points away the record high reached in afternoon trading.
(Bloomberg Opinion) -- Large infrastructure projects are almost always delivered late and massively over-budget. Then everyone forgets about the fuss and marvels at the achievement. Few people regret today that Britain and France built a rail tunnel under the English Channel, yet it cost a fortune and nearly caused the owner to collapse.One must be wary, then, of the often nimbyish opposition to Britain’s plan to build a new high-speed railway between London and the north of the country, known as HS2. Balfour Beatty Plc, Vinci SA, Eiffage SA, Skanska AB and Kier Group Plc are among the contractors slated to help deliver Europe’s largest infrastructure project.Supporters say it will boost rail capacity and connectivity between Britain’s cities, create thousands of jobs and spur economic development and urban regeneration. Their opponents argue that the project is an ill-conceived financial black hole that could end up costing 106 billion pounds ($138 billion).(2) While both sides have a point, it’s hard to believe this money will be spent wisely.Weeks after winning a thumping election victory with a promise to boost less well-off regions beyond London, Boris Johnson’s Conservatives are bitterly divided over HS2. A final decision is expected as soon as this week. Fed up of Brexit paralysis, the temptation for ministers to “just do something” must be strong. Even so, the brave move would be to call a halt, and at the very least order fundamental changes to the project.Politicians and engineers shouldn’t be afraid to think big. Britain’s overpriced and frequently overcrowded train services aren’t a patch on France’s TGV or Japan’s Shinkansen. But much of the decent infrastructure built in the U.K. lately — such as the Crossrail and HS1 rail projects and the Thames Tideway super-sewer — was constructed in the wealthy London area.Sadly, almost everything about HS2 invites disbelief. The costs are stupefying, the design is too complicated and its environmental credentials are questionable. Even now it’s not clear what problem HS2 is trying to solve or whether it’s the most cost-effective way to solve it. That’s unacceptable when it will consume more cash than Britain spends annually on education.The Johnson government may forge ahead blindly because preliminary work is already advanced. More than 7.5 billion pounds has been spent on land purchases, archaeological excavations and preliminary design and demolition work. “In a hole the size of HS2, the only thing to do is keep digging,” Johnson claimed last week, with typical bravado.In fairness, there is a lack of “shovel-ready” alternatives to ease capacity constraints on the train network. Simply upgrading existing lines would cause years of disruption to passengers. And densely-populated Britain isn’t alone in discovering that high-speed lines don’t come cheap. Costs on these projects are rising everywhere and their average time to completion in Europe is around 16 years. The first phase of HS2 connecting London and Birmingham requires more than 300 bridges and 70 viaducts.Still, HS2’s projected costs — more than 160 million pounds per km for the first section(6) — are far higher than other European high-speed lines, and most of the construction hasn’t even begun yet.(3) It’s impossible to predict the final bill because the planning for the second phase of the project is still at an early stage, warns the National Audit Office. Qualifying his call to keep digging, Johnson last week accused HS2 of being “profligate” and said the way it was managed was “hopeless”. He is right.HS2’s trains will be capable of reaching up to 225 miles per hour (360 km/hr), enabling as many as 18 hourly departures from London. Both the maximum speed and flow rate are higher than other high-speed lines in Europe or Japan. Yet successive governments and HS2 Ltd., the public body tasked with delivering the project, have consistently underestimated its complexity and cost; difficult ground conditions are the latest problem. The failure to contain and communicate these risks has undermined their credibility.The ultra-fast design has fueled suspicions that HS2 is a vanity project that will benefit business folk, especially those in London. Overcrowding is most common on local commuter routes, not intercity express lines. Rail connections between northern cities are poor. The money might be better spent on that.It’s remarkable that an infrastructure project billed as benefiting the Midlands and the north will commence work in London and the south, where expensive tunneling and ground-lowering work is required to keep wealthy locals happy. The northern section probably won’t be completed until 2040.At the same time, HS2’s environmental credentials have been undermined by the carbon expended in the project’s construction and materials. And the route doesn’t link to Heathrow airport or Eurostar international rail services in St Pancras, which might have persuaded more Brits not to fly domestically or to Europe.Perhaps there’s a way to salvage HS2 without gutting its ambition or culling it altogether. Regrettably, the findings of a government ordered review of the project still haven’t been published. The aspiration to provide decent infrastructure is noble, but it doesn’t excuse poor management, the signing of blank checks and favoring the south of England.Johnson needs to get a grip and the emergency brake is a decent place to start. As he admits, this project is in a hole; the smart thing would be to dig a better one.(1) The 106 billion pounds figure has been cited in press reports in relation to the (unpublished) Oakervee review of HS2. The latest official estimate is a maximum of 88 billion pounds.(2) Using the mid-point cost estimate in the HS2 chairman's review and a length of 230km. The calculation is in 2015 prices.(3) Making meaningfulcomparisons is difficult because HS2 includes lots of station and tunnel construction work.To contact the author of this story: Chris Bryant at firstname.lastname@example.orgTo contact the editor responsible for this story: James Boxell at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
A proposed British high-speed rail project running between London and northern England could cost up to 106 billion pounds ($137 billion), 25% more than recently predicted, an official review seen by the Financial Times says. The report said there was a "considerable risk" that the High Speed 2 (HS2) project's price could jump from the 81-88 billion pounds budget that was set by the government as recently as September. The Financial Times said the review also recommended that work on the second phase of the project, stretching from central England to northern towns such as Manchester, should be paused to determine whether a mix of conventional and high speed lines could be used instead.
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Builder Galliford and infrastructure firm Balfour jointly worked on the Aberdeen Western Peripheral Route and incurred additional costs after the collapse of Carillion, a major partner on the project that fell behind schedule and exceeded budget. As part of the settlement with their client, the companies will receive 32 million pounds ($41.53 million) each, Galliford and Balfour said in separate statements. Galliford added it expected to write down 52 million pounds in related costs.
The London-based company has sought to shore up cash and profitability in its home market as the infrastructure sector gets fewer contracts since the country voted to leave the European Union. The infrastructure giant now expects annual cash to be around 310 million pounds ($397.73 million), higher than the range of 280 million to 300 million pounds it forecast earlier. Shares of the company opened 4% higher on the London Stock Exchange.
U.S. senators on Tuesday demanded the Defense Department crack down on private landlords who provide substandard housing at military bases with criminal prosecutions or contract cancellations, citing Reuters reports of slum-like living conditions and falsified accounting. The top civilian and military leaders of the Army, Navy and Air Force appeared before the Senate Armed Services Committee, in the latest hearing addressing substandard military housing.