Balfour Beatty to repay furlough money as order book size improves

BalfourBeatty, led by Leo Quinn, said: “For 2022 and beyond, the strengthof the group’s order book and positive infrastructure markets createsthe capacity to drive profitable managed growth and sustainable cashgeneration.”

Elsewhere in the construction sector today, Ibstock, a manufacturer of clay bricks and concrete products, said revenue dropped 23% to £316 million last year. It was hit at the start of the pandemic as its housebuilding customers temporarily closed sites during the first lockdown,

At construction materials group Breedon, 2020 revenues were flat. But boss Pat Ward said: “With robust commitments from the UK and Irish governments to infrastructure investment and continuing long-term demand for housing, forecasters are expecting this year and next to see steady growth in demand for our products in both countries.”