Thursday, 12 August 2010
Telegrammed by Our International Correspondent
Balfour Beatty has just released its half year accounts for 2010.
Lots of profits, and rightly the report celebrates BBs successes - and is frank about problems, such as Barking Power Station revenue being a bit, er, pants.
BB is one the few remaining UK business good news stories, a company from over here that is doing rather well over there, especially since it bought Parsons Brinkerhof and with it a footprint in US High Speed Rail.
The report liberally name-checks clients and projects as diverse as Coventry Street Lighting (a PPP), Singapore and Denver Mass Transit systems, Southampton City Council, Heathrow Terminal 2, Birmingham Hospital (another PPP) and the western extension of Hong Kong metro.
But not a word about about the company's current work for London Underground subsidiary Metronet as well as that for the national infrastructure owner Network Rail
Why so coy?
Or is involvement in the UK rail industry now viewed as the kiss-of-death for Blue Chips?