Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more


BALFOUR BEATTY reported operating profits of 42M for last year compared to 10M in 1996 thanks to increased returns from its US civil engineering business.

Results published last week also showed turnover up slightly to 2.2bn from 2.12bn.

The contractors improved results helped parent BICC offset exceptional costs of 122M for the restructuring of its troubled cables division. Overall, BICC reported pretax losses of 30M on turnover of 4.5bn compared with a pretax profit of 60M on turnover of 4.6bn in 1996.

Improved US performance followed a decision to quit general contracting. It now concentrates on the burgeoning public sector civil engineering market which includes seismic retrofits on San Franciscos Golden Gate bridge and electrification of the railway between New York and Boston.

Balfour Beatty chief executive Mike Welton said the cuts in road spending, and the slow acceleration of Railtracks 10-year, 14bn investment programme, had caused a hiatus in British civil engineering orders.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.

Related Jobs