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Balfour Beatty PLC (BBY) is an international infrastructure group based in the UK. The company designs, builds and maintains infrastructure across a number of sectors, including infrastructure investments, construction and support services. It operates throughout the UK, Ireland, South East Asia, the US, and Canada. The Balfour B share price is one of the constituents of the FTSE 250 Index and is listed on the London Stock Exchange.
With a capital of £50,000, Balfour Beatty was founded by George Balfour and Andrew Beatty in 1909. Originally, the company focused on the construction of the tramways. Its operations majorly expanded during the First World War, as Balfour Beatty participated in the building processes of various army camps and other military-related constructions. Balfour Beatty was ranked as the biggest construction contractor in the United Kingdom by profit and turnover in September 2018. In the same year, the company’s revenues were estimated at £7,8 billion.
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The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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