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Balfour Beatty's shares climb after better-than-expected results

The numbers look strong, but we question the assumptions made by the company
March 13, 2024
  • Revenue beat forecasts for 2023 and 2024
  • Heavy dependence on public sector

Balfour Beatty (BBY) looks to be building a successful investment case. Its share price climbed 9 per cent in early trading after the construction company's revenue came in "slightly better" than analyst Investec had predicted.

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