Balfour Beatty reports good progress on transformation

International infrastructure group Balfour Beatty was setting up for its annual general meeting on Thursday morning, where it was set to assure investors its transformation programme was progressing well.

“Balfour Beatty continues to make good progress on the Build to Last transformation programme, with overall trading remaining in line with expectations,” its board said in a statement released before markets opened.

The FTSE 250 firm said the group order book is expected to show some growth in the first half due to good order intake in the US, whilst the UK construction order book is expected to remain broadly stable.