Balfour Beatty lifted by contract wins

Engineering group Balfour Beatty today said it had won more than £360m (€518.6m) of new deals as it posted annual results at the top end of expectations.

London-based Balfour said it had secured contracts in the road, rail and housing sectors as it reported a 15% rise in pre-tax profits before goodwill and one-off items to £150m (€216m), against analysts’ forecasts of around £148.5m (€213.9m).