Builders and building materials
Galliford Try wins six lots in North West public sector construction framework
Three lots were won for its Building division and three for its Highways business
Company
Galliford Try Holdings PLC
LON:GFRD
Galliford Try is one of the UK's leading construction groups, working to improve the UK’s built environment and delivering lasting change for the communities it works in. The company's purpose is to improve people’s lives through building the facilities and infrastructure that communities need.
226 stories · page 2 of 3
Builders and building materials
Galliford Try says trading in line, balance sheet strong
Chief executive Bill Hocking said he was pleased with the company’s first-half performance
Builders and building materials
Galliford Try wins eight lots as part of UK Department for Education school building framework
"Education is very much a key sector for our business and a major part of how we intend to deliver our sustainable growth strategy," said chief executive Bill Hocking
Builders and building materials
Galliford Try starting to see benefits of focus on quality and sustainability
Selling off the housing business two years ago gave the new management team a strong balance sheet and a new start
Builders and building materials
Galliford Try encouraged by continuing pipeline of new opportunities
The construction group said it is maintaining a strong cash position with profit margins in line with management expectations
Builders and building materials
Galliford Try's nmcn purchase highlights sustainable growth strategy
The broker has raised its June 2022E profits estimate to £18mln
Builders and building materials
Galliford Try snaps up nmcn's water business for a song
Contractor nmcn entered administration on Monday (4 October)
Builders and building materials
Galliford Try added to key new LHC public sector framework
“We have already delivered a number of high-quality projects through LHC's previous frameworks and we look forward to continuing our relationship with them as they seek to grow throughout the public sector," said chief executive Bill Hockin
Builders and building materials
Galliford Try underpinned by balance sheet strength, says broker
Liberum has a target price of 250p and a ‘buy’ recommendation but of that cash amounts to 148p a share
Builders and building materials
Galliford Try tops expectations as margins continue to improve
"I am very proud of the progress the group has made over the last year," said CEO Bill Hocking, as the company returned to profit
Builders and building materials
Galliford Try improves orders and cash position
All businesses were operating during the interim period
Builders and building materials
Galliford Try says dividend will return with half-year results
The construction group said it is back to profitability in the first half
Builders and building materials
Galliford Try picks up two more framework contracts from Thames Water
Galliford Try anticipates they will be jointly worth up to £60m per annum.
Builders and building materials
Galliford Try holds off on dividend as annual losses persist
The order book stands at £3.2bn, with 90% of the new financial year's target revenue already secured
Builders and building materials
Galliford Try says orders are steady but backdrop too uncertain for guidance
Orders now stand at £3.2bn against £2.9bn at this time a year ago.
Builders and building materials
Galliford Try withdraws guidance and cancels interim divi
Galliford Try's fiscal year runs to the end of June so it has withdrawn guidance for the current fiscal year and the next
Builders and building materials
Galliford Try needs to try a bit harder to reach profit target
The team has a clear path to delivering on its financial targets, the company said in its interim results - clear enough to realise the path is a bit longer than previously thought
Builders and building materials
Galliford Try highlights cash position following housing and land disposals
Average month cash balances are forecast to be £100mln
Builders and building materials
Galliford Try flushed with success in water utility contracts
"We are delighted to have been appointed to these frameworks having established an excellent relationship with Southern Water and Yorkshire Water over previous AMPs."
Galliford Try profits fall as expected due to construction loss
Underlying profit before tax fell 17% to £155.5mln, which was in line with what the market was expecting
FTSE 100 ends higher as fears ease; LSE soars to top spot after Hong Kong merger offer
Meanwhile, FTSE 250, seen as a better indicator of the current state of the UK economy, surged 243.30 points at 19,982.16
Galliford Try PLC's finals under scrutiny after disposal talks revived
Other numbers in the diary include Futura Medical, Advanced Medical Solutions, Anpario and S4 Capital
Galliford Try shares gain as it expects profit to meet market forecasts
Galliford said the restructuring of its construction business is complete and its current order book is valued at £2.9bn
Archive
FTSE 100 closes in the red as China, US trade worries come back on the agenda
In Europe, the German DAX is around 90 points lower at 12,341, while the French CAC 40 is down around 42
Archive
UK inflation data macro focus for Wednesday, trading updates headline company news
The latest price inflation data, if it once again hits the Bank of England's 2% like last month, could cause some concerns at Threadneedle Street
Archive
easyJet tipped to warn on profits amid challenging short-haul airlines market
It looks set to be a busy week of corporate announcements and UK economic data
Archive
Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
Shell shows way forward for dividends as other blue chips cut their cloth
Oil major guides to total dividends and share buy-backs of US$125bn “or more” between 2021 and 2025
Bunzl names Galliford Try's chairman Peter Ventress as chairman designate
"With many years of relevant commercial and board experience, I am confident that he will successfully lead Bunzl," said Philip Rogerson, who is due to vacate the chair of Bunzl in April 2020.
Builders and building materials
Galliford Try rejects approach for housebuilding unit from Bovis Homes
Galliford said the proposal “does not fully value the Linden Homes and Partnerships & Regeneration divisions and is not in the interests of all shareholders”
Archive
FTSE 100 closes below its opening benchmark as trade war concerns cloud market sentiment
The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
Investments and investor services
Cellcast downcast as Kenya ups the ante in attack on the gambling industry
A look at the day's major movers, including Topps Tiles, Mortgage Advice, Shoe Zone, Knight's Group, UDG, GYG and Galliford Try.
Builders and building materials
Galliford Try eyes silver lining after construction profit warning
The housebuilding and regeneration group said restructuring its construction arm will accelerate margin improvement
Investments and investor services
FTSE 100 closes higher as trade tensions ease
The UK's premier shares index closed up around ten points at 7,320
Archive
Severn Trent to kick off water sector updates on Tuesday; retailers also in focus
The Day Ahead will bring trading updates from the likes of stores groups Halfords, Topps Tiles, and WH Smith
Archive
Still no opportunities to sell in May, with Royal Mail and M&S set to deliver updates
The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers
Builders and building materials
Even house broker downgrades Galliford Try after shock profit warning
Of Peel Hunt’s 117 house stocks, only ten of them are down as a ‘hold’, and Galliford Try is now one of those
Galliford Try shares crumble on huge profit warning
The housebuilder is writing down the value of some of its big construction contracts, including the Queensferry Crossing, which has run well over budget
Builders and building materials
Galliford Try teams up with Homes England to build new housing at pace
It plans to build homes in Redcar, Cheshire, Staffordshire and Dorset.
Crest Nicholson surges as it nabs Galliford Try's chief executive officer
The managerial merry-go-round does another circuit. Expect a bit of comment in the press about directors' remuneration.
Builders and building materials
Galliford Try brushes off UK property market concerns to post record half-year profit
Almost every data point is pointing to a slowing UK housing market, but that hasn’t affected Galliford Try, which is benefitting from margin improvements
Archive
FTSE 100 closes up as markets buoyed by US/China trade talks
The more UK-company focused FTSE 250 gained over 147 points to close at 18,972
Archive
Inflation figures to take focus on Wednesday while corporate results tick over in the background
The data will have a distinctly Brexity flavour after the UK's impending exit from the bloc was blamed for lacklustre GDP growth of 0.2% in the fourth quarter of 2018 reported on Monday
Archive
Blue-chip corporate update mill to continue to grind, with RBS and AstraZenca to the fore
Aside from all the company news, the Week Ahead also brings the latest UK inflation and GDP growth data for investors to digest, while the Brexit saga will continue to roll on
Builders and building materials
Liberum upgrades three housebuilders to 'Buy' as it sees upside from smooth Brexit outweigh no-deal risks
In a note to clients, the broker upgraded Barratt, Bovis Homes, and Crest Nicholson to ‘Buy’ from ‘Hold’ off what it said was an upside of “at least 20%” if a smooth Brexit materialised
Builders and building materials
Housebuilder Galliford Try upgraded by Numis after strong annual results
Numis said it sees "scope for upside on an absolute basis" for Galliford Try following its strong full year results performance
Builders and building materials
Galliford Try profits boosted by strong house-building performance
Galliford said its Linden Homes business was boosted by the Help-to-Buy scheme, good mortgage availability and the cut in stamp duty for first-time buyers
FTSE 100 closes higher with pound volatile, as tobacco stocks fire up on FDA move
The UK blue chip index rose 34 points to 7,308 around 3.40pm
Archive
Dunelm looking to draw a line under tough year with Wednesday’s full-year results
Homeware retailer Dunelm, housebuilder Galliford Try and football pitches group Goals Soccer Centres are all due up on what looks set to be a fairly quiet Wednesday in London
Archive
Heatwave may help or hurt sales at Wetherspoons, JD Sports, Primark and Dunelm
The week ahead includes annual results from Wetherspoons, Galliford Try and Dunelm along with interims from Morrisons and trading updates from AB Foods and Ashtead
Builders and building materials
Galliford Try shares gain as the housebuilder expects a strong performance for the year
Galliford expects to end the year with net debt of £30mln after having to spend more to build Aberdeen’s new ring road following the collapse of project partner Carillion
Archive
Parcels strength to again offset letters decline when Royal Mail delivers latest trading news
Aside from Royal Mail, the day ahead will also include updates from the likes of broadband and telecoms firm TalkTalk, cheese producer Dairy Crest, and housebuilder Galliford Try
Archive
Week ahead: Investors hope Royal Mail delivers the goods and Unilever meets targets
The week ahead includes updates from Royal Mail, Unilever, Sports Direct, Rio Tinto and Anglo American along with official UK data on jobs, inflation and retail sales
Archive
WPP ticking all the boxes as a "Dividends don't lie" stock
When the stock filter threw up WPP as a possible candidate, John Harrington's initial reaction was to wonder where he had stored his barge pole.
Galliford Try still suffering from the Carillion curse
"Following the successful completion of the recent rights issue, the group is well capitalised with a strengthened balance sheet to support our planned growth," said Peter Truscott, the CEO of Galliford Try
Archive
Boozy Wednesday in the City with Marston’s, Mitchells & Butlers and Bulmers maker C & C all due
It might not be Friday but it could be a messy one in the Square Mile nonetheless, particularly for the pub chains, which are likely to have felt the force of the ‘Beast from the East’
Archive
Wide variety of blue-chip updates due in coming week - from Centrica to AstraZeneca
Week ahead includes updates from drugs giant AstraZeneca, mobile phones operator Vodafone Group, British Gas-owner Centrica, and postal delivery firm Royal Mail Group
Builders and building materials
Galliford Try rights issue targets £157mln to cover shortfall from Carillion joint venture
Shareholders will have the right to acquire one additional Galliford Try share for every three shares they own, with the new shares priced at 568p each
Builders and building materials
Balfour Beatty's 2017 profits jump on US tax cuts and sale of stake in M25 operator
Balfour recognised a one-off provision of £44mln last year stemming from the liquidation of Carillion
Builders and building materials
Galliford Try slumps as it raises capital and reports profit drop after Carillion collapse
An exceptional charge of £25mln stemming from Carillion’s collapse led to an 11% decline in pre-tax profit in the first half
Investments and investor services
FTSE 100 ends in positive territory with precious metals miners leading the way
The blue-chip index closed at 7,214, up 46 points on the day
Investments and investor services
Shire to reveal extent of pressure from generic versions of its big sellers
Investors will also be keen to see more integration synergies from the addition of Baxalta.
Archive
Inflation numbers from UK and US to be eyed closely in coming week amid rate hike fears
Week ahead includes the latest UK and US consumer price indexes, plus corporate updates from RELX PLC, Coca Cola HBC PLC, Shire PLC and ConvaTec PLC
Builders and building materials
John Laing to take £3mln hit to replace insolvent Carillion as facilities manager on projects
“The company will continue to manage the situation as it develops and provide further updates as appropriate,” John Laing said
HICL says Carillion collapse has triggered loan defaults on joint projects
HICL expects a further £50mln hit from the demise of Carillion
Builders and building materials
Galliford Try and Balfour to take £85mln hit from Carillion’s collapse
Galliford, Balfour and Carillion were working together on a new road in Aberdeen, while the latter two have a couple of other ongoing projects as well
Builders and building materials
Barratt Developments reports rise in first half completions and forward sales
Total completions and the average selling price of homes grew in the first half
Builders and building materials
Galliford Try edges higher as it brushes off UK property market concerns
A study from RICS on Thursday suggested that gloom has started to descend over the UK housing market but Galliford said on Friday it is seeing “good market conditions” across its businesses
FTSE 100 stumbles again as Bunzl gets pulped
The record-breaking recent rallies seen across the global markets seems to have come to an end this week...
Vedanta Resources expected to see first half sales boost
Natural resources firm Vedanta is likely to provide Friday's highlight corporate news.
Investments and investor services
FTSE 100 closes a tad lower as focus turns to Fed
Sterling's strength weighed on FTSE 100 stocks today
Builders and building materials
Galliford Try reports full year profit slump but confident outlook despite Brexit uncertainty
Galliford's full year profits were hit by an exceptional charge related to legacy contracts and its failed Bovis Homes bid
FTSE 100 closes 21 pts lower as miners weigh
The heavyweight dragged on the FTSE 100, which closed down 20.99 points
Archive
Galliford Try full year profits to be hit by £98m one-off charge for legacy contracts
Wednesday's calendar includes annual results from Galliford Try and Dunelm along with official UK jobs data
Archive
Carney & Co in the crosshairs, plus key UK data and updates from Next, Morrisons and Wetherspoon
Week ahead includes latest Bank of England policy meeting, UK data on inflation, unemployment, wages and retail sales, plus corporate updates from Next, Associated British Foods, Wm Morrison Supermarkets, and JD Wetherspoon
Builders and building materials
Analysts welcome Bovis Homes recovery plan and dividend policy under new CEO
Bovis Homes posted a drop in first half profits but its shares rose after saying its operational issues were "very fixable"
Builders and building materials
Bovis Homes first-half profits fall but shares rise on new CEO's turnaround plan
Bovis Homes shares rose despite a decline in profits as its plan for dividend growth was seen as a sign of confidence
Archive
Biffa, Bovis and Go-Ahead results all due, but ECB policy decision to take centre stage
Some big names are due to publish results on Thursday, but the European Centeal Bank’s decision on interest rates is what most traders will be waiting on
Builders and building materials
Galliford Try shares rise as Liberum initiates stock at 'buy' with positive outlook on housing market
UK house price growth is likely to continue, albeit at a slower pace, as the sector proves resilient amid Brexit uncertainty, according to Liberum
Investments and investor services
Market no-like-a results from Ilika
Shares featured: Jangada, Ilika, Carillion, Matomy Media, Bagir Group, Abzena, Bango, Galliford Try, Highlands Natural Resources
Builders and building materials
Galliford Try shares soar as it expects full year profits to reach top end of market forecasts
Galliford has left its guidance for 2018 unchanged but is cautious on the outlook due to political uncertainties
FTSE 100 closes 40 points down as retailers weigh
The market chose to interpret Broadbent's comments as a vote for the status quo
Archive
Marks & Spencer's struggling clothing unit may improve in first quarter but outlook uncertain
M&S faces a tough UK retail market as consumers become increasingly squeezed by rising inflation and stagnant wage growth
Archive
Marks & Spencer and Burberry both need to regain momentum
Week ahead: Marks & Spencer, Burberry, JD Wetherspoon...
Jefferies thinks 'All Roads Lead to New-build' as it repeats bullish view on UK housebuilders
The US broker highlighted four reasons for their preference for the builders noting, firstly. that not enough homes are being built in the UK, meaning demand outweighs supply
Investments and investor services
FTSE 100 finishes little changed after "Super Thursday" underwhelms
The Footsie was back in black - but only just - thanks to precious metals miners
Archive
What will BT have to say about write-down can-of-worms?
Thursday brings the fourth quarter trading update from BT Group, while the banking AGM season continues.
Archive
Pensioners, Ofcom and rivals snap away at BT
Week ahead: BT and Talk Talk: ITV, Barratt Developments, Centrica, William HIll and more ...
Builders and building materials
Galliford Try to take around £98mln one-off cost for major legacy construction contracts
The group said one of these projects will finish on site in summer 2017, while the other, which represents the larger proportion of the estimated costs, is due to complete in mid-2018
Builders and building materials
Bovis Homes to take around a £2.8mln one-off charge for failed takeover talks, strategic review
In April, Galliford Try pulled out of a £1.2bn bid to buy Bovis after the two failed to agree on price, a week after another potential suitor Redrow had also withdrawn its interest
JPMorgan Cazenove turns positive on Redrow, Countryside, but neutral on Bovis and Crest Nicholson
The US bank’s analysts upgraded their ratings for both Redrow and Countryside to ‘overweight’ from ‘neutral’, but reversed their stance on Bovis and Crest the other way, down to ‘neutral’
Builders and building materials
Could Bovis Homes still be "in-play" despite appointment of new CEO and Galliford Try merger rejection?
Shore Capital analyst Robin Hardy said: “There have been suggestions that an offer could come from outside the industry and while that is a long-shot, it is possible and many observers will still view Bovis as being ‘in play’.”
Builders and building materials
Bovis Homes names former Galliford Try boss as new CEO as it rejects a merger with the smaller rival
Greg Fitzgerald will take over as Bovis boss with effect from April 18 2017, when interim CEO Earl Sibley will resume his role as the housebuilder’s group finance director
Investments and investor services
FTSE 100 closes higher as Brexit returns into view
FTSE 100 was little changed as investors mull US President Donald Trump's next move after his healthcare setback
FTSE 100 closes higher with retailer Next top riser
FTSE 100 was three points higher at 7,238, Next rises strongly.
Archive
Next to report first annual profit decline in eight years as Brexit hurts retailers
Next plc is facing the industry-wide pressure of rising inflation but its issues are also company-specific
Analyst thinks Redrow's unscheduled update could be “peacock fanning its tail” after Bovis bid rejected
Shore capital analyst Robin Hardy said: “We do not think that Redrow would really benefit from combining with Bovis, it could become a millstone"
Archive
Next firmly on the back foot as shoppers batten down hatches
Week ahead: Next, Kingfisher, Smiths Group ,Satellite Solutions ...