Balfour Beatty News, Contracts and Projects | Construction News

‘Worrying’ rise in migrant worker exploitation on building sites

Kerry Lorimer — Fri, 09 May 2025 11:45:31 +0000

Migrant workers are at an increased risk of exploitation on construction sites, a new report has warned. The probe by Achilles, which deals in supply chain risk, found migrant workers are vulnerable to unexplained deductions from wages, restricted access to mobile phones and “informal or…

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Balfour Beatty shareholders revolt over CFO pay package

Joshua Stein — Thu, 08 May 2025 12:06:00 +0000

Nearly a third of Balfour Beatty’s shareholders rebelled against a pay package increase for chief finance officer Philip Harrison at the company's annual meeting this morning (8 May). The UK’s biggest contractor saw 70.25 per cent of its shareholders vote in favour of the 2024…

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‘Positive momentum’ drives Balfour Beatty cash forecast towards £1bn

Joshua Stein — Thu, 08 May 2025 10:35:01 +0000

Balfour Beatty expects cash to near £1bn at the end of 2025, after reporting wins in key markets this year. The UK’s biggest contractor said in a trading update this morning (8 May) that average net cash in 2025 is expected to reach between £900m…

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Balfour Beatty awards top pair £2m in shares

Colin Marrs — Thu, 03 Apr 2025 07:45:23 +0000

This story was written with AI assistance from Harmsworth Who is Harmsworth? Balfour Beatty has granted share awards worth more than £1.9m to chief executive Leo Quinn and chief financial officer Philip Harrison under its deferred bonus and long-term incentive schemes. Quinn received a conditional…

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Balfour Beatty rules out New Hospital Programme bids

Ben Vogel — Tue, 25 Mar 2025 12:45:54 +0000

Balfour Beatty will not seek a main contractor role in the rejigged £37bn New Hospital Programme (NHP), its outgoing chief executive Leo Quinn has said. Last month, NHS England said it was seeking 10 contractors to join the Hospital 2.0 Alliance (H2A) framework to deliver…

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Why is Balfour Beatty optimistic about the future?

Ben Vogel — Tue, 25 Mar 2025 07:09:36 +0000

Speaking to analysts after Balfour Beatty announced its latest full-year financial results on 12 March, Leo Quinn was in buoyant mood. The firm's outgoing chief executive (pictured) described the annual financial figures as “very, very good” and highlighted the firm’s cash position: “We finished with…

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Balfour boss pours cold water on HS2 contract renegotiation

Colin Marrs — Fri, 14 Mar 2025 12:45:55 +0000

Balfour Beatty boss Leo Quinn has pushed back against suggestions by HS2 bosses that construction contracts on the London to Birmingham rail scheme could be renegotiated. In December, Construction News reported comments made to MPs by HS2 chief financial officer Alan Foster, saying that contractors…

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Construction figures voice dismay over steel tariffs

Joshua Stein — Thu, 13 Mar 2025 12:45:51 +0000

Construction sector leaders, including Balfour Beatty chief executive Leo Quinn, have warned that US tariffs on the UK will raise prices and reduce demand for steel. Speaking yesterday (12 March) during a presentation on his company’s annual results, Quinn warned that main contractors will need…

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‘Strong progress’ at Balfour Beatty despite £83m building safety charge

Ben Vogel — Wed, 12 Mar 2025 10:59:30 +0000

Underlying turnover at the UK's biggest contractor exceeded £10bn for the first time last year, alongside a double-digit percentage increase in pre-tax profit. Balfour Beatty’s departing chief executive, Leo Quinn, hailed the latest full-year results as evidence of “further strong progress”. However, the group noted…

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The Mighty Quinn – a timeline of Balfour Beatty’s turnaround

Colin Marrs — Wed, 05 Mar 2025 12:27:52 +0000

Leo Quinn, whose departure as Balfour Beatty chief executive was announced today, has had a major impact on transforming his firm – many would argue on the construction industry in general. In a LinkedIn post today, the man who turned round the struggling firm called…

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