Balfour Beatty, which is a leading rail engineer in Britain, has won an upgrade contract for Caltrain in California Michael Crabtree for The TimesThe UK’s largest contractor is betting that a £524 million contract to upgrade the high-speed rail line that connects San Francisco to some of the biggest companies in Silicon Valley can help to turn around its fortunes. Balfour Beatty is also hoping that the deal, its biggest contract in America, will remind investors that it has a profitable US business despite troubles at home. The contract was announced yesterday, a day before the release of the company’s half-year results, which analysts are expecting to make grim reading with losses of more than £25 million predicted. It also comes amid a…

Source: The Times August 16, 2016 16:12 UTC