UK construction margins edge-up at Balfour Beatty

Underlying profit margins at Balfour Beatty’s UK Construction business improved to 2.3% from 2% last time during the first half of this year.
Revenue dipped slightly at the division to £1.46bn from £1.5bn as profit from underlying operations rose to £34m from £30m.
Balfour blamed lower revenues on lower volumes from the nuclear new build project at Hinkley Point C as the the UK Construction order book remained flat at £6.1bn.Overall group pre-tax profits edged