Balfour Beatty (BBY)

Sector:

Construction and Building Materials

Index:

FTSE 250

655.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 669.00p
  • 52 Week Low: 390.40p
  • Currency: UK Pounds
  • Shares Issued: 494.94m
  • Volume: 850,301
  • Market Cap: £3,244.35m
  • RiskGrade: 123

Balfour Beatty awarded £363m National Grid contract

By Michele Maatouk

Date: Friday 13 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Infrastructure group Balfour Beatty said on Friday that it has been awarded a £363m contract by National Grid to deliver the Bramford to Twinstead Reinforcement project.
The contract has been awarded through National Grid's RIIO-2 framework. Balfour said that once completed, the project will reinforce the electricity network in East Anglia and "ensure that it can continue to reliably and securely transport the cleaner, greener electricity required for the UK's transition to Net Zero".

Balfour will be responsible for the replacement of the existing high voltage electricity network between Bramford Substation in Suffolk and Twinstead Tee in Essex, with a new 400 kilovolt overhead line spanning 18 kilometres.

It will also deliver 11 kilometres of underground cable through the Dedham Vale Area of Outstanding Natural Beauty and Stour Valley.

Chief executive Leo Quinn said: "This award demonstrates the momentum we are capturing in the energy security and transition market. As the largest power transmission provider in the UK, we have a long and proud history of working with National Grid.

"This latest award will once again enable our expert teams to deploy their proven capability to successfully deliver overhead lines and underground cabling works in complex and challenging landscapes."

Main construction is expected to start in the first half of next year, with completion due in 2028.

At peak construction, Balfour will employ more than 200 people including 10 apprenticeship and graduate positions.

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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 655.50p
Change Today 0.50p
% Change 0.08 %
52 Week High 669.00p
52 Week Low 390.40p
Volume 850,301
Shares Issued 494.94m
Market Cap £3,244.35m
RiskGrade 123

Balfour Beatty Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.27% below the market average72.27% below the market average72.27% below the market average72.27% below the market average72.27% below the market average
78.38% below the sector average78.38% below the sector average78.38% below the sector average78.38% below the sector average78.38% below the sector average
Price Trend
85.27% above the market average85.27% above the market average85.27% above the market average85.27% above the market average85.27% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Income
38.27% below the market average38.27% below the market average38.27% below the market average38.27% below the market average38.27% below the market average
46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average
Growth
7.13% below the market average7.13% below the market average7.13% below the market average7.13% below the market average7.13% below the market average
29.73% above the sector average29.73% above the sector average29.73% above the sector average29.73% above the sector average29.73% above the sector average

Balfour Beatty Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Oct-25 15-May-25
Paid 05-Dec-25 02-Jul-25
Amount 4.20p 8.70p

Trades for 10-Oct-2025

Time Volume / Share Price
16:12 0 @ 656.00p
16:12 1 @ 656.00p
16:12 0 @ 656.00p
16:12 0 @ 656.00p
16:12 0 @ 656.00p

Balfour Beatty Key Personnel

CFO Philip Harrison

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