5th Nov 2013 07:53
LONDON (Alliance News) - infrastructure group Balfour Beatty PLC (BBY.L) said its trading for the third quarter has been as expected in all its divisions, except Professional Services, and that it expects its performance of the Group's continuing businesses to exceed current market expectations for 2013.
In Professional Services, the Group witnessed further deterioration in the Australia business, in both volume and pricing, and said it is likely that this weakness will continue in the fourth quarter.
However, at the Group level, the group said it expects to exceed current market expectations for 2013 due to a larger contribution than previously anticipated from the Investments division. In the Investments division, the Group now expects full-year profits to exceed its expectations at the time of the half-year results by 30 million pounds.
While profitability in Construction Services has improved in the third quarter, in line with its expectations, Support Services continued to perform in line with its view.
Copyright RTT News/dpa-AFX
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