Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

 Information  X 
Enter a valid email address

Balfour Beatty PLC (BBY)

  Print      Mail a friend       Annual reports

Tuesday 14 January, 2014

Balfour Beatty PLC

Trading Statement

RNS Number : 5541X
Balfour Beatty PLC
14 January 2014
 



14 January 2014

 

BALFOUR BEATTY TRADING UPDATE

 

Balfour Beatty plc, the international infrastructure group, is providing this trading update in advance of its results for the year ended 31 December 2013 which will be announced on 6 March 2014.

 

Trading

 

Overall trading of our continuing businesses remains in line with the Board's expectations as at the time of the Group's Q3 Interim Management Statement on 5 November 2013.

 

In Professional Services, performance overall was as expected, including Australia where cost reduction measures are mitigating the impact of the continued challenging market conditions. Elsewhere, the arbitration process of the previously disclosed contract dispute is well advanced. Our view of the outcome is unchanged, but it is becoming less likely that a settlement will be achieved in time to be recognised in the 2013 results.

 

Order book

 

We anticipate the year end order book for our continuing businesses to be broadly in line with the £13.5 billion from 31 December 2012.  The order book has been impacted by negative foreign exchange movements, and a continuing shift in the mix of our Construction order book from the UK to the US. 

 

Significant contract awards since our Q3 Interim Management Statement include the £154 million Olympic Park transformation contract, the £209 million Denver North Metro Rail Line design-build contract, the £121 million Ministry of Defence joint venture contract and £148 million of rail contracts in Singapore through the Group's Gammon joint venture in Hong Kong. In November we reached financial close on the £317 million Greater Gabbard offshore transmission project and this week announced reaching preferred bidder for the £196 million children's and women's hospital project in Canada. We are no longer bidding for Network Rail's track renewal work, with our existing contract running to the end of the first quarter 2014.

 

Discontinued businesses

 

We have made progress on our strategic disposals, completing the disposal of Balfour Beatty WorkPlace on 13 December 2013 and our Scandinavian rail business on 8 January 2014.

 

Performance of the German rail business has worsened since the Q3 Interim Management Statement, primarily due to three complex loss-making contracts. Discussions with a number of potential buyers for the business remain ongoing.

 

Financial position

 

The Group's underlying cash performance was in line with expectations with average net debt for the year of £350 million.  We saw a strong cash performance in December 2013 which resulted in an actual net debt balance of under £100 million at the year end.

 

ENDS

 

Analyst/investor enquiries:

Anoop Kang

Balfour Beatty plc

Tel. +44 (0)20 7216 6913

 

Media enquiries:

Maitland

Tel. +44 (0)20 7379 5151

BalfourBeatty-maitland@maitland.co.uk

 

This document contains forward-looking statements which have been made in good faith based on the information available at the time of its approval.  It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a number of risks and uncertainties that are inherent in any forward-looking statement which could cause actual results to differ materially from those currently anticipated.

 

Notes to Editors:

 

Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group with capabilities in professional services, construction services, support services and infrastructure investments.

 

We work in partnership with our customers principally in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East, who value the highest levels of quality, safety and technical expertise.

 

Key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail).

 

The Group delivers services essential to the development, creation and care of these infrastructure assets including project design, financing and management, engineering and construction, and facilities management services.

 

Balfour Beatty employs 50,000 people around the world.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTVXLFFZFFEBBE