Balfour Beatty’s US operation has been ordered to pay out £49m after pleading guilty to major fraud on its military housing maintenance contract. The Balfour Beatty Communities pay-out is made up of £25m in fines and £24m
Day: December 25, 2021
M Group buys Babcock power lines arm for £50m
Infrastructure specialist contractor M Group Services has bought Babcock’s Overhead Line Power business for £50m. Following the acquisition, the business will be rebranded to form part of Morrison Energy Services, sitting alongside and enhancing existing