26th Aug 2015 14:12
LONDON (Alliance News) - Balfour Beatty PLC said Chairman Philip Aiken bought 5,000 shares at a price of 262 pence per share Wednesday.
Following this transaction, Aiken holds 10,000 shares.
Earlier this month the construction and support services group scrapped its interim dividend as it posted a substantially wider pretax loss for the first half of 2015 thanks to writedowns of onerous contracts in its UK construction arm.
The company said its pretax loss for the six months to the end of June was GBP150 million, sharply wider than the GBP58 million loss it posted a year earlier. As a result of the drop in profit, the company said it won't pay an interim dividend, having paid 5.6 pence per share a year earlier.
The stock was flat at 262.70p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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