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Balfour Beatty reports strong growth in 2008

Balfour Beatty has reported strong growth in 2008 in the building sector, in a trading update published on January 14.
The building services giant says its balance sheet and financial position remains strong, with average net cash for the second half of 2008 around £250m.

Balfour Beatty finished 2008 with a confirmed order book that beat its £12.1 billion figure reported in June.

The building services giant expects to make further progress in 2009 despite the tough economic environment.

In 2008, the UK civil engineering businesses delivered particularly good results.

Balfour Beatty experienced continued growth in infrastructure expenditure particularly in healthcare and education. It says it expects to secure financial close on its four preferred bidder PFI projects in the first half of 2009.

The trading update stated the Balfour Beatty's growth has been 'driven by the performance of acquisitions and the strength of our business with public sector and regulated customers which, in both the UK and the US, accounts for most of our work'.

Balfour Beatty also said its performance had been achieved in spite of the slowdown in private sector work and the write-down of a building services project.

Balfour Beatty will announce its preliminary results on March 5.
14 January 2009


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£1.8 billion awarded to boost efficiency in homes and public buildings

Schools and hospitals and more than 115,000 homes across England are to get upgrades to improve their energy efficiency as the Government announces the allocation of nearly £2 billion in funding.

The Social Housing Decarbonisation Fund and Home Upgrade Grant are collectively worth £1.4 billion, which will be used to fund energy-saving measures ranging from loft insulation to new windows. An additional £1.1 billion in match funding for social housing provided by local authorities, providers of social housing and charities will bring the total investment to £2.5 billion to upgrade social and private homes in England. 


Swegon takes its first step towards using fossil-free steel

Swegon has presented its first product made from carbon dioxide-reduced steel – a GOLD RX – at the ISH trade fair in Frankfurt....



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