Balfour Beatty sees contract issues stretching into 2016

August 12, 2015 6:21 AM

38 0

LONDON Aug 12 Troubled infrastructure firm Balfour Beatty said it expected to have resolved 90 percent of its historic problematic UK contracts by the end of 2016, as it sought to reassure shareholders following a string of profit warnings.

The British firm, which is currently undergoing a review of all its businesses following the discovery of loss-making contracts, posted a total underlying loss of 135 million pounds ($210 million) in the first half of its financial year.

Also read: Pennsylvania Turnpike: Commercial Scofflaws Owe $1.5M

Read more

To category page