Balfour Beatty dismissed suggestions that it would suffer from the current economic uncertainty, arguing its core markets were 'unaffected in the short and medium term by month-to-month economic volatility'. Financial Times, The Times

Ian Tyler, chief executive of the UK’s largest construction company, said trading had been strong at all divisions and the outlook remained 'positive' in spite of current fears over the commercial building market that he said only accounted for a small part of the business.

The order book rose 20% to about £11bn and the group said it had almost £2bn of work at the preferred bidder stage.