Although shares in leading infrastructure group Balfour Beatty (BBY) haven’t been immune to the recent pull-back in markets, they were recently sitting at their best level in more than a decade so investors will be keen to hear how the business has been performing when it reports half-year earnings on 14 August.

In its last trading update in May, the firm said trading was in line with its full-year expectations and it ‘continues to expect an increase in profit from its earnings-based businesses and an increase in group earnings’.

Since the start of 2024, Balfour Beatty has made progress on several major projects ‘for which material orders are expected to follow’, including electricity transmission works in the north of Scotland for SSEN, a power project in Teesside for oil firms BP (BP.) and Equinor (EQNR:CPH) and expansion work at Rolls-Royce’s (RR.) Raynesway site in Derbyshire.

After purchasing £150 million of shares last year, the firm committed to a further £100 million buyback this year, of which half had been completed by May, so investors may get a pleasant surprise with an uplift to the full-year target if the board is feeling generous. 

UK UPDATES OVER THE NEXT 7 DAYS

INTERIM RESULTS & TRADING UPDATES

9 Aug: Bellway 

12 Aug: Alliance Witan, Marshalls, Plus500 

13 Aug: Dowlais, Genuit, Just Group, Network International, Telecom Plus

14 Aug: Aviva, Balfour Beatty

‹ Previous2024-08-08Next ›