No one is expecting the British construction company to win the contract to build a wall along the USA鈥檚 southern border with Mexico. However, Balfour Beatty has significant operations in the USA, contributing 拢3bn of its 拢8bn revenues last year.
Balfour Beatty鈥檚 share price opened at 256.3 pence on the morning Trump鈥檚 victory was declared and rose to 282 pence during the day.
City speculators clearly think the company is well paced to benefit from Trump鈥檚 promised investment in road and rail infrastructure.
Trump鈥檚 campaign promises included spending a trillion dollars on infrastructure over 10 years. Just 15% of Balfour Beatty鈥檚 US revenue came from infrastructure last year; 85% came from the general building market.
Crane makers Manitowoc and Terex also saw their share prices rise on the day of Trump鈥檚 victory, by 14% and 15% respectively.
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