|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.9000 - 2.9000|
|52 Week Range||2.3600 - 3.8100|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||7.00|
|Forward Dividend & Yield||0.07 (2.32%)|
|1y Target Est||N/A|
Today we are going to look at Balfour Beatty plc (LON:BBY) to see whether it might be an attractive investment...
Three branches of the U.S. military have increased scrutiny of housing landlord Balfour Beatty Communities, with the Air Force demanding the company address health hazards and the Army and Navy announcing new inquiries of its maintenance practices. The Air Force's concerns were issued with an ultimatum: Balfour Beatty has 90 days to submit a plan to resolve "concerns with serious life, health, and safety issues" in housing at all 21 Air Force bases where it operates, John Henderson, the Air Force assistant secretary for installations, wrote Balfour Beatty Communities President Christopher Williams this week. If the company fails to make "prompt and substantial improvements" at all bases, and in particular at Tinker Air Force Base in Oklahoma, the Air Force will begin a formal dispute process that could result in serious financial penalties and, in the extreme, termination of its operating agreement with Balfour Beatty.
Could Balfour Beatty plc (LON:BBY) be an attractive dividend share to own for the long haul? Investors are often drawn...
A unit of British infrastructure group Balfour Beatty has appointed Hunton Andrews Kurth LLP to work with the U.S. Air Force and other authorities to investigate allegations that it falsified maintenance records at a U.S. Air Force base. The appointment of an outside counsel comes days after U.S. Senator Elizabeth Warren called for an official inquiry and demanded answers from the Air Force and one of its top housing contractors about practices at the Tinker base in Oklahoma.
U.S. Sen. Elizabeth Warren is seeking an official inquiry and demanding answers from the Air Force and one of its top housing contractors following a Reuters-CBS News report describing how the company falsified maintenance records to help it secure Defense Department bonuses. Last week, Reuters and CBS reported how landlord Balfour Beatty Communities kept two sets of maintenance records at Oklahoma’s Tinker Air Force Base. An official set of electronic records, shown to the Air Force, listed prompt responses to maintenance requests.
A unit of UK infrastructure giant Balfour Beatty plc falsified housing maintenance records at a major U.S. military base to help it maximize fees earned from the Department of Defense, a Reuters investigation found. At Tinker Air Force Base in Oklahoma, the company’s U.S.-based unit used a second set of books and altered records to make it appear responsive to maintenance requests, Reuters found in a review of company and Air Force emails, internal memos and other documents, as well as interviews with former workers. The practice boosted the company’s apparent performance at completing work on time, making it eligible to receive bonus fees from the Pentagon while persuading Air Force brass to ignore warnings from military base employees.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Trainline is finalising plans for ...
The FTSE 250-listed company said it had an 80 percent share in the ten-year alliance, which will be responsible for the development, design and delivery of the project. The work relating to the contract will start later this year, Balfour Beatty said.
The bankruptcy of Carillion in January 2018 was seen as a watershed for Britain's construction sector that ended a race to the bottom in terms of pricing of bids for public sector work. "We have benefited in our order book from Carillion's collapse but that's a function of us being a higher quality company and the low price bidder not being there in the market any more," said Chief Executive Officer Leo Quinn. Shares of Balfour Beatty rose nearly 3 percent to 293.1 pence by 0846 GMT, outshining the broader midcap index.
A survey published by the Military Family Advisory Network found that more than half of respondents who have lived in privatized military housing within the past three years had a "negative" or "very negative" experience with privatized military housing. The Senate Armed Services Committee held a hearing Wednesday on privatized military housing. When 2nd Lt. Lance Konzen got his first military assignment, the Air Force recommended he and his wife Megan Konzen move into housing right on his base at Laughlin Air Force Base in Del Rio, Texas, to help them adjust to military life.
Jan 18 (Reuters) - Balfour Beatty PLC: * BALFOUR BEATTY FAR EAST JOINT VENTURE WINS HK$2.9 BILLION (C. £289 MILLION) LUXURY RESIDENTIAL SCHEME IN HONG KONG * PROJECT COMPLETION EXPECTED IN 2020 * WORKFORCE ...
The company has been carrying out disposals from its infrastructure investments unit which operates a UK portfolio of concessions, mainly in education, health, street lighting, offshore transmission, renewables and student accommodation. It sold its interest in Fife Hospital for 43 million pounds in September and expects to complete a partial sale of 80 percent of its Edinburgh University student accommodation project for 24 million pounds. It forecast 2018 profit from infrastructure sales of about 65 million pounds.