Balfour Beatty expects further £75m shortfall

摘要

Balfour Beatty plc has announced that is expecting 'a further profit shortfall of approximately £75m' at its Construction Services UK business in 2014. The shortfall includes £30m at Engineering Services, £20m from large building projects in the London area and £10m at Major Infrastructure Projects, and is due to 'additional losses and write-downs across a number of contracts'. 'In Major Infrastructure Projects we have experienced cost forecast revisions on a small number of projects where we have experienced a change of scope, but where the commercial resolution is yet to be concluded', said Balfour Beatty. The business was continuing to win 'high-quality work in target sectors' including transport and 'special complex projects'.