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UPDATE 2-Ferrovial expands UK presence with Enterprise buy

* To buy Enterprise for 385 mln pounds from 3i Group * First major acquisition since BAA in 2006 * Doubles presence in British services sector * Shares down 0.7 percent By Tracy Rucinski MADRID, Feb 21 (Reuters) - Ferrovial is to buy British utility services company Enterprise Plc for 385 million pounds ($589 million) from 3i Group, the Spanish infrastructure group's first major purchase after a long debt-cutting drive.

Spain's Ferrovial says profits plunge 43% in 2012

Spanish construction group Ferrovial, owner of London's Heathrow airport, said Tuesday its net profits plunged 43 percent in 2012 after major one-off gains the previous year. "The 42.9 percent decline in net profit is attributable to the extraordinary gains obtained in 2011," which totalled just over one billion euros, it said in a statement. "A significant portion of that figure did not represent a cash inflow since it was attributable to the revaluation of Heathrow Airport Holdings," Ferrovial said.
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