Balfour Beatty defies UK construction gloom with stellar results
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(Reuters) - Shares in Balfour Beatty rose 13% after its underlying profit more than tripled in Britain where it is working on lower risk contracts such as major road improvements, a rail link, and a nuclear power station. Balfour has sought to shore up cash and profitability in Britain as the infrastructure sector gets fewer contracts since the country voted to leave the European Union. The company also increased its annual cash forecast, supported by lower costs, higher margin projects and a..