05/11/2008
International engineering and construction firm Balfour Beatty has announced that business has remained strong since the end of June because of its ongoing involvement in major infrastructure projects.
The announcement is welcome news for the UK construction industry, which has suffered a fall in activity over recent months as a direct result of the global credit crunch.
In an Interim Management Statement, Balfour Beatty said it had made "good progress" with its civil engineering projects.
"Our fast-growing professional and technical services business, Balfour Beatty Management, delivered a further key milestone on the highly complex King's Cross underground station development on time and budget during the period," the statement read.
The statement added that Balfour Beatty's balance sheet and financial position remained strong, with net cash between June 29th and November 3rd exceeding £200 million.
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