LONDON May 6 British infrastructure group
Balfour Beatty said on Tuesday its Chief Executive
Andrew McNaughton had quit as it warned that 2014 pre-tax
profits would be significantly lower than previous expectations.
The company said the weakness came from its British
construction business, where it now expects a 30 million pound
shortfall in 2014. As a result, overall pre-tax profits for 2014
are seen in the range of 145 million pounds to 160 million
Balfour said in March that it expected to "make modest
progress in 2014", having posted underlying pretax profit of 187
million pounds in 2013.
(Reporting by Li-mei Hoang; editing by Kate Holton)