Balfour Beatty says 80% of sites were open last month

By Dave Rogers2020-06-01T07:32:00

Source: IgorGolovniov/shutterstock.com

But firm cancels final dividend and warns future performance depends on improving productivity

Balfour Beatty has said more than 80% of its sites across its UK and US strongholds were open last month but warned the covid-19 pandemic has had a “material impact” on its financial performance which is seeing the firm cancel its annual dividend.

Around £6bn of the firm’s £8.4bn turnover was from the UK and US last year with a further £900m from its Hong Kong business Gammon in which it has a 50% stake.

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