Deutsche Bank raised its price target on Balfour Beatty by 11% after power transmission growth and a stronger US construction contribution beat expectations in the first half.

The infrastructure group now expects low double-digit percentage profit growth from its earnings-based businesses, ahead of prior guidance, after first-half profit jumped 42%.

Chair Lord Charles Allen said the pair "bring significant international experience and strong track records in major projects, safety critical delivery, operational performance, risk and governance,"

The infrastructure group will deliver earthworks and civil works at the Netherton Hub, a key node in Scotland's renewable energy transmission network.

The relationship formally concluded on 6 June.