Balfour Beatty (GB:BBY) has released an update.
Balfour Beatty has announced a positive trading update, with performance meeting expectations and a forecast for increased profits in 2024, buoyed by strategic project advancements such as the SSEN ASTI framework, BP and Equinor’s Net Zero Teesside Power project, and a partnership with Rolls Royce. The company also reports a healthy average net cash balance and plans to complete a £100 million share buyback by year-end. This news signals a robust financial position and a clear strategic direction for the infrastructure giant.
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