Balfour Beatty to replace HBOS in FTSE 100
Construction and services group Balfour Beatty will replace HBOS in the FTSE 100 index from the start of trading on Jan 19 following the bank's takeover by Lloyds TSB, indexes complier FTSE said on Wednesday.
Infrastructure group Balfour Beatty has announced that it has been awarded contracts by Network Rail that total up to £248m and comprise a £56m four-year extension to 2014 to Balfour Beatty's existing track-renewal framework contract, with a further £115m to be awarded provided agreed targets are met during the first year of the contract.