Sees higher FY earnings (Il Sole 24 Ore Radiocor) - London, 09 May - The UK construction and concession group Balfour Beatty said that since January 1 trading has been in line with expectations and it continues to expect an increase in profit from operations from its earnings-based businesses and an increase in earnings in 2024.

Over the first three months of 2024, the average monthly closing net cash balance was 756 million pounds.

The board continues to expect 2024 average cash to be roughly in line with 2023, reflecting an expected working capital outflow, and for a 100 million pound share buyback to be completed by the end of the year, with approximately 50 million completed to date, the company added.

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(RADIOCOR) 09-05-24 10:53:09 (0264) 5 NNNN