Balfour Beatty trading strong
By Henry Tyler
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Posted 02 July 2008 @ 10:49 am GMT
Balfour Beatty said on Wednesday that trading in the year to date continued to be strong despite worries of a slowdown in the property market. The construction company said that its confirmed order book was worth £11.8 billion at the end of May, up £400 million since the end of 2007.
A worker strolls past a Balfour Beatty sign at a construction site in central London April 17, 2008. REUTERS/Dylan Martinez
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Balfour Beatty acquires US military accommodation unitAmong the company's newest order is a $330 million deal to contract for the 281 North Toll road project in San Antonio, Texas. The firm has also been named as the preferred bidder for the widening and maintenance of the M25 motorway in the UK.
Balfour said, "We anticipate that order intake and trading performance will remain strong throughout the year and that we will make good progress in 2008."
This article is copyrighted by the International Business Times.
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