Balfour Beatty Announces Transaction in Own Shares

Balfour Beatty, a leading international infrastructure group, has announced a significant transaction in its own shares. The company has purchased 100,000 of its own shares, demonstrating its commitment to returning value to shareholders. This move is part of the company’s ongoing share buyback program, which aims to reduce the number of shares in circulation and increase earnings per share. The transaction was carried out on the London Stock Exchange, with the shares being purchased at a price of 271.00 pence per share. The total cost of the transaction was approximately £271,000. Balfour Beatty’s share buyback program is a key component of its capital allocation strategy, which also includes investing in growth opportunities and maintaining a strong balance sheet. The company’s management team believes that the share buyback program will help to drive long-term value creation for shareholders. Balfour Beatty’s shares have been performing well in recent months, driven by the company’s strong financial performance and positive outlook. The company’s order book has been growing, driven by a number of significant contract wins in the UK and US. Balfour Beatty’s management team is confident that the company is well-positioned to deliver long-term growth and value creation for shareholders. The company’s share buyback program is expected to continue, with the aim of purchasing up to £50 million of its own shares over the next 12 months. Balfour Beatty’s financial performance has been strong in recent years, with the company delivering significant revenue and profit growth. The company’s net cash position has also been improving, providing a strong foundation for future growth. Balfour Beatty’s management team is focused on delivering long-term value creation for shareholders, and the share buyback program is a key part of this strategy. The company’s shares are listed on the London Stock Exchange, and are traded under the ticker symbol BBY. Balfour Beatty is a leading international infrastructure group, with operations in the UK, US, and other countries around the world. The company’s business is focused on the delivery of infrastructure projects, including construction, engineering, and maintenance services. Balfour Beatty’s customers include governments, local authorities, and private sector companies. The company’s management team has a strong track record of delivering complex infrastructure projects, and is committed to providing high-quality services to its customers. Balfour Beatty’s share buyback program is subject to the terms and conditions of the company’s articles of association, and is governed by the UK’s Market Abuse Regulation. The company’s management team will continue to monitor the share buyback program, and will make adjustments as necessary to ensure that it is aligned with the company’s overall strategy and objectives. In conclusion, Balfour Beatty’s transaction in its own shares demonstrates the company’s commitment to returning value to shareholders, and is a key part of its ongoing share buyback program. The company’s management team is confident that the share buyback program will help to drive long-term value creation for shareholders, and is focused on delivering strong financial performance and growth in the years ahead.

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