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Balfour Beatty defies pessimist investors by building up profits

Its strongest half-year results in years prompted a rally in Balfour Beatty shares yesterday, albeit to a level barely changed from nearly five years ago, when its chief executive arrived.

The construction company’s stock rose 21p, or 10.4 per cent, to 222¾p, mitigating a sell-off in which it had lost a third of its value since the spring.

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