UPDATE: Balfour Beatty holds guidance; names former ITV boss as chair
Thu, 13th May 2021 14:12
(Alliance News) - Balfour Beatty PLC on Thursday said it continues to expect profit at its earnings-based businesses to recover to pre-virus levels, and named former ITV PLC chief executive Charles Allen as its new chair.
Shares were down 0.9% to 308.20 pence in London, roughly in line with the wider mid-cap FTSE 250 index.
In an update ahead of its annual general meeting on Thursday, the London-based infrastructure developer maintained its expectation that its two earnings-based businesses - Construction Services and Support Services - will deliver underlying profit from operations of GBP172 million in 2021. That would be an increase from the GBP75 million achieved last year, and a recovery to the 2019 level.