Balfour Beatty’ shares surge to record high after company raises profit forecasts

SHARES in construction giant Balfour Beatty surged to a record high ­after the British FTSE 250 company raised its profit and cash forecasts. The group said it was heading into the second half of the year with “real momentum”, helped by strong demand for data centres, US building projects and UK power networks. The sha

Balfour Beatty shares reached a record high today as it nudged its annual profit forecasts higher.

Balfour Beatty shares reached a record high today as it nudged its annual profit forecasts higher.

The FTSE 250 firm, which has a market capitalisation worth more than £4 billion, cheered a ‘strong’ performance for the half-year.

The FTSE 250 firm, which has a market capitalisation worth more than £4 billion, cheered a ‘strong’ performance for the half-year.

The FTSE 250 firm, which has a market capitalisation worth more than £4 billion, cheered a ‘strong’ performance for the half-year.

Balfour Beatty has boosted its earnings and cash flow targets, as the construction firm’s “real momentum” defies wider gloom facing the sector.  The group, which works with the government on major infrastructure projects, has seen the value of its order book jump by 17 per cent to £22.9bn in the six months to June, as…