Stable Growth Reported by Balfour Beatty, Optimistic Outlook for 2009

Britain's construction and engineering giant Balfour Beatty has delighted investors and economists by posting a strong performance report for the first half of the current fiscal year. The company also asserted that it is now confident about posting a successful report for the complete 2009 fiscal year. Profits have been reported by the firm in both its UK and US divisions.

Balfour has shared that while its overall profits in the UK order book have been 12.5 Billion Pounds ($20.93 billion), when the order book of its recent acquisition, America based Parsons Brinckerhoff, which stands at $1.95 Billion, is added, the company's total first half figures stand at a whopping 13.7 Billion Pounds.

The firm, whose activities include engineering, construction and road and rail transportation, is now much more confident about its outlook for 2009. "We remain confident of making good progress in 2009", it stated.

Post the revelation of the figures, Balfour shares rose by 1.4% to trade at a new high of 267.85 pence.

(Via TopNews United Kingdom, Contributed by Barinder Khatra)