Balfour Beatty

Balfour Beatty has blamed “market conditions” for the decision to merge its southern England construction services business with its North and Midlands unit. The contractor has decided its southern unit is no longer viable as a standalone business following the onset of the COVID-19 crisis. The decision has led to…

Balfour Beatty, Laing O’Rourke and Wates are among contractors to sign up to a scheme that will look to help increase employment opportunities for young black men. The year-long programme led by consultancy The Equal Group, with backing from the Greater London Authority (GLA), will feature workshops, one-to-one sessions, supply…

Balfour Beatty chief executive Leo Quinn was the only contractor boss invited to a summit with the prime minister on how to rebuild the economy after the pandemic. Boris Johnson’s Build Back Better Council invited 30 people to an online discussion with ministers about plans to rebuild the UK economy.…

Five Balfour Beatty joint ventures have been shortlisted on four lots of HS2 track systems contracts, as well as a tunnel and line-side M&E systems contract, worth a combined total of £2.5bn. Firms selected for the contracts will deliver around 280km of infrastructure on the megaproject, between London, Birmingham and…

Balfour Beatty, Kier and Morgan Sindall are among the winners on a £10.5bn NHS Shared Business Services framework. The major new framework is divided into five lots and covers all types of building and construction work, design, alteration and refurbishment. It is open for use by the NHS and all…

Balfour Beatty will hold on to £15m of taxpayer-funded furlough cash ahead of paying dividends to shareholders. The contractor announced last week it intended to pay a final dividend to shareholders off the back of its 2020 performance. The firm has since confirmed that money it claimed under the Coronavirus…

Balfour Beatty’s group sustainability director Kari Sprostanova has said the company needs the supply chain’s help to improve sustainability. The contractor launched a 20-year sustainability strategy called Build New Features, this week. It includes pledges from the firm to reduce waste generation by 40 per cent by 2030 and go…

Balfour Beatty's monthly net cash holdings have hit £500m in 2020, ahead of its previous forecast of £445m, the firm revealed in a trading update this morning. Strong cash generation and profit performance for the year, in line with the board's expectations, have led the company to reinstate dividend payments…

Balfour Beatty UK construction services CEO Dean Banks is to be replaced by rail and utilities boss Mark Bullock next week, Construction News can reveal. Bullock (pictured above) will take up the post next Tuesday (1 December). Banks will stay on until the end of the month before moving to…

A bid to challenge a contract award to Urbaser Balfour Beatty (UBB) for an energy-from-waste (EfW) plant has been thrown out by the Court of Appeal. Earlier this year, a High Court judge ruled that environmental group Community R4C (CR4C) would not have qualified to enter the bidding process on…