/guid/9202a8c04000641f80000000008ee25b rename

Balfour Beatty plc (LSE: BBY) is a London-based construction, engineering, rail and investment...

Balfour Beatty plc (LSE: BBY) is a London-based construction, engineering, rail and investment services company. It is one of the largest construction companies in the UK, and the 15th largest in the world. It is a constituent of the FTSE 250 Index. Balfour Beatty undertakes projects around the world, but the majority of its turnover comes from the UK. Balfour Beatty was founded in 1909 by George Balfour, a Scottish mechanical engineer, and Andrew Beatty, an English chartered accountant: they described the company as "general and electrical engineers, contractors, operating managers for tramways, railways and lighting properties and for the promoting of new enterprises" and soon it expanded into civil engineering. In 1922 George Balfour and Andrew Beatty established Power Securities to develop and fund hydro-electric projects. By the 1924 the business was operating internationally. In 1969 Power Securities, which by then owned Balfour Beatty, was taken over by cable manufacturer BICC. Then in 2000 BICC, having sold its cable operations, renamed itself Balfour Beatty. More recently Balfour Beatty has embarked on a series of acquisitions including Mansell plc, another construction