International infrastructure group Balfour Beatty (BBY.L) Tuesday, in the first quarter interim statement said there has been no change in performance since the trading update on April 29.
As detailed earlier, the firm said a combination of difficult market conditions and poor performance in the UK construction business has resulted in management's full-year view for profit from operations in the UK construction business being reduced by 50 million pounds while trading in other businesses remains in line with prior expectations in aggregate, despite a 10 million pounds shortfall in the German rail business.
Looking forward, the Balfour said, while the UK construction markets and the Mainland European rail markets continue to be very challenging as indicated, trading in other businesses is broadly in line with management's expectations. It further said profits are expected to be more heavily skewed to the second half than in previous years.
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