Aug
24
U.K. Builders Bet on Infrastructure Spending From Government
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Carillion lobbies government after July plunge in spending
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Construction stocks rally on hopes for post-Brexit stimulus
U.K. construction companies are urging the government to give the sector a boost after infrastructure spending plummeted following the country’s vote to leave the European Union.
Hopes for a stimulus have lifted the share prices of builders like Balfour Beatty Plc and Carillion Plc, which plunged after the June 23 Brexit referendum. Carillion, whose shares slipped Wednesday as it reported flat first-half pretax profit, is up 34 percent from its low after the vote, while Balfour Beatty has risen 46 percent…
U.K. Builders Bet on Infrastructure Spending From Government
