The company carrying out the £154 million conversion of the Olympic Stadium in east London is expected to reveal a huge black hole in its accounts when it reveals the outcome of an independent investigation into its British construction business.
Balfour Beatty has already made a provision of £135 million related to its British building division. However, it is expected to announce additional losses of more than £100 million.
The latest charge, which is likely to lead to a drop in its share price, will take the total provisions made by the FTSE 250 company to almost £250 million.
Some investors feared last night that Balfour may be forced to admit that the final scale of its losses has yet to be determined.
Balfour held