Balfour Beatty (BBY)

Sector:

Construction and Building Materials

Index:

FTSE 250

374.60p
   
  • Change Today:
      1.40p
  • 52 Week High: 393.40
  • 52 Week Low: 295.40
  • Currency: UK Pounds
  • Shares Issued: 530.34m
  • Volume: 647,827
  • Market Cap: £1,986.67m
  • RiskGrade: 123

Balfour Beatty completes two disposals

By Abigail Townsend

Date: Thursday 09 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Balfour Beatty has completed two disposals, the infrastructure specialist confirmed on Thursday, raising nearly £26m.
The firm, which finances, develops, builds and maintains infrastructure projects worldwide, has sold its 49.5% interest in UBB Waste (Gloucester) Holdings - which owns a waste facility in the south west - to Urbaser Investment.

It has also sold its 50% interest in the Moretti housing project, in Birmingham, Alabama, to Henssler Capital.

In total, the combined gain on the disposals is £25.8m.

Balfour Beatty said the sales were in line with its guidance for gains on disposals of between £15m and £30m in the current year, with proceeds ahead of the internal valuations.

It added that it expected no further infrastructure investment disposals in 2023.

As at 1030 GMT, shares in the firm were flat at 311p.

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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 374.60p
Change Today 1.40p
% Change 0.38 %
52 Week High 393.40
52 Week Low 295.40
Volume 647,827
Shares Issued 530.34m
Market Cap £1,986.67m
RiskGrade 123

Balfour Beatty Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.01% above the market average36.01% above the market average36.01% above the market average36.01% above the market average36.01% above the market average
41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average
Price Trend
57.83% above the market average57.83% above the market average57.83% above the market average57.83% above the market average57.83% above the market average
21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average
Income
38.19% above the market average38.19% above the market average38.19% above the market average38.19% above the market average38.19% above the market average
15.15% below the sector average15.15% below the sector average15.15% below the sector average15.15% below the sector average15.15% below the sector average
Growth
35.47% below the market average35.47% below the market average35.47% below the market average35.47% below the market average35.47% below the market average
46.34% below the sector average46.34% below the sector average46.34% below the sector average46.34% below the sector average46.34% below the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 8
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 03-May-2024

Time Volume / Share Price
16:36 487 @ 374.60p
16:35 308,314 @ 374.60p
16:35 46 @ 374.60p
16:35 5,208 @ 374.60p
16:35 2,252 @ 374.60p

Balfour Beatty Key Personnel

CEO Leo Quinn
CFO Philip Harrison

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