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Balfour Beatty transforming itself

Balfour Beatty BBY is increasing its interim dividend by 33% to 1.2p per share after underlying operating profit for the six months to the 30th June more than tripled from £11m to £39m, as the transformation of the company continues. Underlying revenue rose by 8% at constant exchange rates, profitability is rising and orders from the US and the UK are strong.

Sirius Minerals SXX announces that excellent progress has been made during the last six months in the development of the Woodsmith Mine and its associated infrastructure. Highway works have been completed and commencement of shaft sinking is now eagerly awaited. Worldwide interest in future supplies of POLY4 remains strong.

Lookers LOOK claims and excellent set of results for the half year to the 30th June with growth across all areas of the business and the interim dividend is to be increased by 10%. On a like for like basis profit before tax rose by 14% and earnings per share by 15%

Hochschild Mining HOC suffered from the volatility of precious metal prices during the first half of the year  and saw profit before tax slump from $60.3m to $39.9m. The outlook for the second half is that it is still on track to deliver its full year record production target of 37m silver equivalent ounces. An interim dividend of 1.38 cents has been declared.

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