Balfour Beatty

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 unclear” employment arrangements. Based on…

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 remuneration report in the firm’s…

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 and £1bn, following a “strong”…

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 34 new or redeveloped hospitals…

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 accepted that the legal agreements…

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 to tread “very carefully” to…

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 an £83m building safety charge…

Leo Quinn is to step down from his role as Balfour Beatty’s chief executive after 10 years at the helm. The UK’s largest contractor has announced that Quinn will be succeeded by Philip Hoare, chief operating officer at AtkinsRéalis, in September. Quinn will continue in an advisory capacity for several…

The UK’s biggest contractor is engaged in a drawn-out £34.4m legal case over defects at a London student accommodation site it completed in 2009. Balfour Beatty has denied allegations it was responsible for “significant defects” on the six-storey Hive building in Bethnal Green, according to court documents seen by Construction…

Balfour Beatty has appointed three new sector leads to focus on the UK’s “critical” growth areas. The UK’s biggest contractor announced sector leads for the energy, defence and transportation sectors yesterday (10 February), weeks after its chief executive praised the UK government for its investment plans. Balfour Beatty chief executive…