Balfour Beatty

Balfour Beatty moved to the top of the contractors' league table for the first time in two years thanks to a £1.2bn job to build the northern road linked to the Lower Thames Crossing. The job, to build nearly 10 miles of new road, almost single-handedly drove Balfour to first…

Balfour Beatty is on site carrying out work on a Travelodge hotel after an £800,000 dispute over alleged combustible cladding and other defects was settled. In 2020, Construction News revealed that Travelodge was suing Balfour over what it said were faults at the 70-room hotel on Princess Way, Swansea. Travelodge…

Balfour Beatty has landed a £1.2bn contract to build roads on the north of the River Thames as part of the Lower Thames Crossing megaproject. National Highways selected the company ahead of a joint venture between Kier and Eiffage. The contract is for a two-stage design-and-build project delivering around 10…

McLaren secured its first top spot in 18 months in the contractors’ league table for December 2022 thanks to work including a £90m south London tower job. The project to build three towers in the new Leon Quarter in Croydon was one of four secured by the contractor in December,…

Balfour Beatty has kicked off the New Year by launching more tranches of its share buyback programme, with an aim to complete £50m of repurchases from shareholders by May.  The UK’s biggest contractor has this week bought 404,476 ordinary shares at an average price per share of 343.9p through two separate transactions. …

Two contractors have signed a deal that could lead to them building a series of small modular nuclear reactors in the UK. Balfour Beatty and South Korea’s Hyundai Engineering and Construction Co signed a memorandum of understanding with energy firm Holtec Britain to work on the construction of a planned…

Profit at Balfour Beatty is set to exceed market expectations, while this year’s revenue is expected to top £8.4bn. In a trading update, the firm predicted a strong profit on the back of positive net interest income and the recognition of deferred tax assets, which it said would significantly reduce…

Balfour Beatty is set to begin construction work in the spring on two new roads bypassing the A57 near Manchester, after the government gave the project the thumbs up. Balfour was awarded a £108m contract in 2020 to build the roads, which are intended to ease congestion on the route…

The cost of building a new prison in Inverness, Scotland, has risen further, reaching more than double the original estimate. In February, when Balfour Beatty was appointed to the pre-construction and stage 1 design and build of HMP Highland, the cost was estimated to be £110m, up from a 2017…

Balfour Beatty’s Asian joint venture, Gammon Construction, has been awarded a £300m contract by Mandarin Oriental Hotel Group to construct an office building in Causeway Bay, Hong Kong. The contract is the latest in a string of contract wins for the joint venture, of which Balfour Beatty owns a 50…