Balfour Beatty Digs Itself Out of London Underground Cave-In

Summary

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The recent flood of corporate results will slow to a trickle this week, with Balfour Beatty and Inter Continental Hotels among the few firms due to report.

The UK's biggest construction firm, Balfour Beatty - whose West Midland private finance initiative projects include Birmingham's pounds 530 million "super hospital" - has seen strong trading in the first half of the year. But its performance has been overshadowed by the turmoil surrounding London Underground infrastructure firm Metronet, in which the group has a 20 per cent stake.

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Balfour Beatty Digs Itself Out of London Underground Cave-In

Metronet fell into administration in July after failing in its claim for pounds 1 billion in extra work on the network, causing Balfour Bea...

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