Galvan Research Review Balfour Beatty
Balfour Beatty, the largest fixed rail infrastructure contracting company in the world, has announced another successful contract tender – this time for track renewal work on the London underground rail network.
(PRWeb UK) December 16, 2010
Balfour Beatty, the largest fixed rail infrastructure contracting company in the world, has announced another successful contract tender – this time for track renewal work on the London underground rail network. The contract is in partnership with London Underground, and worth 220 million pounds altogether, of which Balfour’s will reap half.
The Balfour Beatty group is confident in the outlook for its profitability, based on a very successful 12-month past; contract wins in the third financial quarter have boosted the value on the company’s order books to more than 15 billion pounds, and cash reserves are healthy.
Not surprisingly, Galvan Research holds Balfour’s in extremely high esteem. Founded in Scotland in the late 19th century by engineer George Balfour and his accountant Andrew Beatty, the company shifted its operational base to London before the Great War. Under unwavering canny guidance through the last century, Balfour Beatty rose to secure itself an exalted place in the halls of British commerce, and today – in addition to its status as the world’s largest fixed rail infrastructure contractor – it’s the United Kingdom’s major road-building and engineering conglomerate.
Notwithstanding Balfour Beatty’s recent minor vicissitudes, the group has bounced back to regain buoyancy and to look well in all financial prognoses. Galvan’s certainly views Balfour Beatty as being a blue chip investment prospect.
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