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Balfour Beatty sees progress in FY09

UK construction giant Balfour Beatty plc said its trading performance in the year continues to be in line with expectations. In its trading update for the half-year ended June 27, the company pointed out that its order book in the half year is projected to be broadly in line with the £12.8 billion reported for December 31, 2008. For the first six months of 2009, Balfour Beatty's cash position remains strong with average net cash in excess of £200 million. The company is slated to release its half-year results on August 12, 2009.



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