Construction group Balfour Beatty booked a £23m first-half loss in the UK due to problems on a number of central London residential projects.Bosses said Covid-19-related disruption had taken its toll, with delays in supply chains lengthening project times and increasing costs.The construction sector was forced to shut for parts of the pandemic lockdowns, but has fared better than other sectors.Pent-up demand has led to a boom in the construction industry in recent months, but delays to global shipping and a HGV driver shortage in the UK have hiked prices, eating into profits.

https://inews.co.uk/inews-lifestyle/money/property-and-mortgages/delays-and-rising-costs-hit-construction-group-balfour-beattys-uk-projects-1157670

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