Balfour Beatty has, after ten weeks of prevarication, declared that it will not be paying a final dividend.
Only a few days before the lockdown began in March the construction firm had announced a 33% increase in its dividend after a 50% surge in pre-tax profit to £181m, and an order book swollen by HS2.
It is now citing prudence and choosing to follow the lead of other companies by conserving cash.
