- Balfour Beatty confirmed that it was a joint venture partner with Carillion on three projects: the Aberdeen Western Peripheral Route, the A14 in Cambridgeshire and the M60 Junction 8-to-M62 Junction 20 scheme near Manchester.

Balfour Beatty said it would continue to work with its customers and would meet its contractual commitments.

The cash impact to Balfour Beatty was likely to be an outflow in the range of £35m-to-£45m in 2018.

The profit impact of Carillion's compulsory liquidation would be recorded as an exceptional non-underlying charge in the company's income statement, Balfour Beatty said.

At 1:51pm: [LON:BBY] Balfour Beatty PLC share price was -8.05p at 299.55p

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