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23rd January 2015
City reacts positively to Balfour's new profit hit but 'business is dead' if there are further warnings
Balfour Beatty’s latest profit warning has reduced the chances of a takeover of part or all of the company, according to market experts.
The contractor yesterday issued its sixth profit warning in two-and-a-half years, revealing a £70m hole in the wake of the completion of KPMG’s review of the group’s UK construction arm.
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