Hints and tips:
...In October the group sold Parsons Brinckerhoff to WSP Global for £820m and returned up to £200m of the proceeds to shareholders after the design business became a stumbling block for its abortive merger...
...Until now, the market has paid more attention to the potential £700m sale of Balfour’s US design business Parsons Brinckerhoff....
...Olivia Peters, analyst at RBC Capital Markets, said the revaluation was still “quite conservative” but “pretty much in line with expectations” if the £250m Balfour Beatty planned to invest in the portfolio...
...Chief executive Peter Sands admitted, however, that the group’s emerging market focus hadn’t helped....
...Balfour disputed the value of the offer and said Carillion had not withdrawn a demand that Balfour stop the sale of its US design consultancy, Parsons Brinckerhoff....
...Through Parsons Brinckerhoff, owned by Balfour Beatty Capital, the company in 2010 won a 10-year management contract to operate City of Derry Airport....
...That has to be recognised,” says Peter Kydd of Parsons Brinckerhoff, an engineering consultancy. “Tidal barrages will always be somewhat controversial from that point of view.”...
...Peter Kydd, director of strategic consulting at Parsons Brinckerhoff, a planning, engineering, and construction consultancy, says falling property prices are the first effects of the downturn to make a difference...
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