Balfour sale boosts profits

CONSTRUCTION group Balfour Beatty will beat its annual expectations due to an additional sale of one of its assets, the company said.

The group has upped its forecast after agreeing the sale of an infrastructure investment, pushing expected profits from disposals to £65million. Balfour also affirmed revenue in the second half of the year would be in line with the first half.

The order book is forecast to be around £12billion at the year end, pipping last year’s £11.4billion.

The group also said it is on track to meet its goal of bringing margins in line with industry standard in all earnings-based businesses.