Balfour Beatty (BBY)

Sector:

Construction and Building Materials

Index:

FTSE 250

457.00p
   
  • Change Today:
      2.80p
  • 52 Week High: 462.00
  • 52 Week Low: 316.40
  • Currency: UK Pounds
  • Shares Issued: 517.02m
  • Volume: 766,784
  • Market Cap: £2,362.80m
  • RiskGrade: 123
  • Beta: 1.19

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 457.00p
Change Today 2.80p
% Change 0.62 %
52 Week High 462.00
52 Week Low 316.40
Volume 766,784
Shares Issued 517.02m
Market Cap £2,362.80m
Beta 1.19
RiskGrade 123

Balfour Beatty Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.88% above the market average1.88% above the market average1.88% above the market average1.88% above the market average1.88% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
85.22% above the market average85.22% above the market average85.22% above the market average85.22% above the market average85.22% above the market average
64.10% above the sector average64.10% above the sector average64.10% above the sector average64.10% above the sector average64.10% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
31.03% below the sector average31.03% below the sector average31.03% below the sector average31.03% below the sector average31.03% below the sector average
Growth
38.31% below the market average38.31% below the market average38.31% below the market average38.31% below the market average38.31% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% 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
  Interim Final
Ex-Div 31-Oct-24 16-May-24
Paid 06-Dec-24 03-Jul-24
Amount 3.80p 8.00p

Trades for 13-Dec-2024

Time Volume / Share Price
16:35 6,000 @ 457.00p
16:35 423,941 @ 457.00p
16:35 1,723 @ 457.00p
16:35 2,418 @ 457.00p
16:35 610 @ 457.00p

Balfour Beatty Key Personnel

CEO Leo Quinn
CFO Philip Harrison

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