Building them well

BBY

Published date:
Thursday, January 17, 2008

Figures for 2007 from the UK’s largest construction company, Balfour Beatty (BBY), will be at the top of forecasts. The results, due 5 March, are set to show a series of one-off items hitting the headline numbers, including a write-off relating to the entry of Metronet into administration. However trading has been so strong across all divisions that the overall performance will be solid, helped by successful acquisitions and contract wins. The order book stands at £11 million, or 20% higher than a year ago.

Shares says: A solid company with growth prospects and defensive characteristics. CS

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