Tag Archives: Balfour

Friday 10 Feb 2023 Balfour Beatty (LSE: BBY) has been a zero growth infrastructure builder, financier and maintainer for a decade; with sales more or less flat at £7bn over the period. What’s more, the business is barely profitable. Operating margins hit a high of 1.5% in FY ’19, albeit up steadily from a lowContinue reading “Thoughts on Balfour Beatty”