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Balfour upbeat amid the gloom

Britain’s biggest builder said its workload and trading will continue to be strong throughout the remainder of this year.

In an upbeat statement, Balfour Beatty said current trading was going well with its future work pipeline boosted by a series of new orders. The firm said its order book at the end of May was up £400 million to £11.8 billion.

It said good progress was being made in the building sector both here and over in the US while it said that its engineering arm had made “very good progress”. It added that its share of joint venture work in Dubai would be around £700 million this year.

Balfour Beatty said the rail arm was doing well and added that it was looking at developing its PPP workload outside the UK.

The firm’s interim results will be announced on 13 August.

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