Balfour Beatty holds steady

Jul 3 2009 By nebusiness

Construction giant Balfour Beatty today said its building division had outstripped last year despite a tougher battle to land contracts.

The firm, which has a £12.8b order book, bucked a "more competitive" environment to report "steady" UK trading and a stronger showing in the US helped by new deals and acquisitions.

Despite flagging markets in parts of its UK rail business, the firm has made good progress on a host of road projects and began work in May on a major £6.2bn scheme to widen the M25 motorway.