Balfour Beatty (BBY)

Sector:

Construction and Building Materials

Index:

FTSE 250

371.40p
   
  • Change Today:
      2.20p
  • 52 Week High: 386.20
  • 52 Week Low: 295.40
  • Currency: UK Pounds
  • Shares Issued: 526.87m
  • Volume: 1,395,560
  • Market Cap: £1,956.78m
  • RiskGrade: 123

Balfour Beatty to sell Middle East JVs for £11m

By Maryam Cockar

Date: Tuesday 21 Feb 2017

LONDON (ShareCast) - (ShareCast News) - Infrastructure firm Balfour Beatty has agreed to sell its stake in the Dutco Balfour Beatty and BK Gulf for £11m, subject to regulatory approval, in order to focus on the its markets in the UK, US, and Far East.
Since the beginning of 2015, the FTSE 250 company has also sold its interests in the Middle East, Indonesia and Australia in line with this strategy.

As part of the deal, the the local partner in the Middle East will assume responsibility for Balfour Beatty's guarantees of bonding obligations in the joint ventures.

Balfour Beatty chief executive Leo Quinn said: "We continue to simplify the group and strengthen the balance sheet through our 'build to last' programme. As a result, Balfour Beatty enters phase two of its transformation with a solid foundation for long term profitable growth."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Balfour Beatty Market Data

Currency UK Pounds
Share Price 371.40p
Change Today 2.20p
% Change 0.60 %
52 Week High 386.20
52 Week Low 295.40
Volume 1,395,560
Shares Issued 526.87m
Market Cap £1,956.78m
RiskGrade 123

Balfour Beatty Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.80% above the market average39.80% above the market average39.80% above the market average39.80% above the market average39.80% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
54.96% above the market average54.96% above the market average54.96% above the market average54.96% above the market average54.96% above the market average
17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% above the sector average
Income
40.88% above the market average40.88% above the market average40.88% above the market average40.88% above the market average40.88% above the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average
Growth
33.62% below the market average33.62% below the market average33.62% below the market average33.62% below the market average33.62% below the market average
36.59% below the sector average36.59% below the sector average36.59% below the sector average36.59% below the sector average36.59% below the sector average

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 9
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Balfour Beatty Dividends

  Latest Previous
  Final Interim
Ex-Div 16-May-24 26-Oct-23
Paid 03-Jul-24 05-Dec-23
Amount 8.00p 3.50p

Trades for 31-May-2024

Time Volume / Share Price
16:41 101,605 @ 371.40p
16:35 913,834 @ 371.40p
16:35 99 @ 371.40p
16:35 8,974 @ 371.40p
16:35 9,902 @ 371.40p

Balfour Beatty Key Personnel

CEO Leo Quinn
CFO Philip Harrison

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