|Bid||239.80 x 0|
|Ask||239.80 x 0|
|Day's range||236.17 - 248.00|
|52-week range||192.30 - 295.80|
|Beta (5Y Monthly)||0.40|
|PE ratio (TTM)||14.93|
|Earnings date||11 Mar 2020|
|Forward dividend & yield||0.05 (2.30%)|
|1y target est||338.33|
UK shares leapt on Thursday as U.S. President Donald Trump said the United States and China were very close to a trade deal, providing a shot in the arm to what had been a wait-and-watch session for markets with Britons voting in an election. The FTSE 100 rose 1%, driven by a 3% jump in HSBC and gains in miners and oil stocks on the back of Trump's comment, which came days before tit-for-tat tariffs are set to take effect. The FTSE 250 broke a three-day losing streak as it added 0.7%.
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.
A U.K. company that provides housing to U.S. military families came under official investigation earlier this year, after Reuters disclosed it had faked maintenance records to pocket performance bonuses at an Oklahoma Air Force base. At the time, Balfour Beatty Communities said it strove to correctly report its maintenance work. Now, Reuters has found that Balfour Beatty employees systematically doctored records in a similar scheme at a Texas base.
Today we are going to look at Balfour Beatty plc (LON:BBY) to see whether it might be an attractive investment...
BPM Real Estate Group has selected Howard S. Wright, a Balfour Beatty company, to build its 1.1 million-square-foot, mixed-use Block 216 development in downtown Portland, Ore. The 35-story, high-rise tower will be anchored by a Ritz-Carlton hotel, bringing the luxury hospitality brand to Portland and Pacific Northwest for the first time.
DAX +0.4% * Tug of war between UK exporters and domestic stocks as last-ditch Brexit talks continue * Roche gains, ASML down after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org BREXIT: POUND AND STOCKS BOUNCING UP AND DOWN! (1316 GMT) These are complicated moments in the life of financial journalists: prices move so fast that by the time a story has been updated, prices have reversed, making said story irrelevant. Needless to say, European stocks played the same dance and yoyoed away.
* European stocks retreat after hitting one-year highs on Tuesday * STOXX 600 -0.3%, FTSE 100 -0.3%, FTSE 250 -0.8% * Tug of war between UK exporters and domestic stocks as last-ditch Brexit talks continue * Roche gains, ASML down after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: rm://email@example.com TRICK OR TREAT: HOW TO PLAY BREXIT? Within domestics, Liberum recommends buying companies with more than 50% exposure to the UK, trades at a significant discount to the last five years and has EPS growth expectations of over 5%.
Balfour Beatty has been awarded a $203 million design-build contract by the North Carolina Department of Transportation (NCDOT) to improve traffic on a 5.1-mile stretch of U.S. 70 in James City in Craven County. The project will upgrade the section of U.S. 70, which is one of the primary east-west corridors across eastern North Carolina, to interstate standards. According to NCDOT, U.S. 70 provides an important connection between the port at Morehead City, military bases in Havelock and Goldsboro and the Global TransPark in Kinston.
Three branches of the U.S. military have increased scrutiny of housing landlord Balfour Beatty Communities, with the Air Force demanding the company address health hazards and the Army and Navy announcing new inquiries of its maintenance practices. The Air Force's concerns were issued with an ultimatum: Balfour Beatty has 90 days to submit a plan to resolve "concerns with serious life, health, and safety issues" in housing at all 21 Air Force bases where it operates, John Henderson, the Air Force assistant secretary for installations, wrote Balfour Beatty Communities President Christopher Williams this week. If the company fails to make "prompt and substantial improvements" at all bases, and in particular at Tinker Air Force Base in Oklahoma, the Air Force will begin a formal dispute process that could result in serious financial penalties and, in the extreme, termination of its operating agreement with Balfour Beatty.
Could Balfour Beatty plc (LON:BBY) be an attractive dividend share to own for the long haul? Investors are often drawn...
Britain's Galliford Try has restarted talks to sell its residential housing businesses to Bovis Homes after Bovis nudged up its proposed offer to 1.08 billion pounds ($1.34 billion) and included a cash component. The talks, which mark a turnaround in fortunes since 2017 when Bovis rejected a bid approach https://www.reuters.com/article/bovis-ma-galliford/uk-builder-bovis-shares-jump-8-pct-on-galliford-try-talks-idUSL5N1GQ1JE from Galliford, come amid a slowdown in Britain's housing market, partly due to uncertainty caused by the country's departure from the European Union. A deal would also allow Galliford to concentrate on turning round its other construction interests.
DAX hits fresh day low, down 0.8% * Euphoria over tariff relief ebbs * Balfour Beatty on track for best day in 17 years after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org FISCAL STIMULUS IN GERMANY: HOW LIKELY, HOW BIG?
Britain's FTSE 100 tumbled to its lowest in more than two months on Wednesday after the yields on 10-year U.S. and UK government bonds fell below two-year equivalents for the first time since the financial crisis, signalling mounting fears of recession. The FTSE 100 index, already under pressure from weak Chinese economic data, ended down 1.4%, with losses across all but one sector.
European stocks tumbled to a six-month low on Wednesday, as an inversion in the U.S. yield curve following bleak data out of major economies including Germany and China pointed to a looming recession. Slumping exports sent Germany's economy into reverse in the second quarter, while Chinese industrial output growth cooled to a more than 17-year low in July, underscoring the impact of a bruising U.S.-China trade war on global growth. "A lot investors may look at this morning's (yield) inversion and consider it an exit sign," said Mike Loewengart, vice president of investment strategy at E*TRADE Financial Corp.
Shares in Balfour Beatty rose 13% after its underlying profit more than tripled in Britain where it is working on lower risk contracts such as major road improvements, a rail link, and a nuclear power station. Balfour has sought to shore up cash and profitability in Britain as the infrastructure sector gets fewer contracts since the country voted to leave the European Union.
Balfour has sought to shore up cash and profitability in Britain as the infrastructure sector gets fewer contracts since the country voted to leave the European Union. Mould added that growth was pinned on the infrastructure developments projects.