Edition:
United Kingdom

Galliford Try PLC (GFRD.L)

GFRD.L on London Stock Exchange

557.50GBp
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Change (% chg)

-13.50 (-2.36%)
Prev Close
571.00
Open
566.00
Day's High
578.50
Day's Low
555.50
Volume
202,174
Avg. Vol
527,030
52-wk High
1,117.00
52-wk Low
499.60

Latest Key Developments (Source: Significant Developments)

Galliford Try Sees FY Profit Before Tax In Line With Analysts' Expectations
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Galliford Try PLC ::GALLIFORD TRY PLC - TRADING STATEMENT.GALLIFORD TRY - CONTINUES TO TRADE WELL AND EXPECTS TO REPORT FULL YEAR PROFIT BEFORE TAX IN LINE WITH CURRENT RANGE OF ANALYSTS' EXPECTATIONS.GALLIFORD TRY PLC - FULL YEAR RESULT TO INCLUDE £40M OF PREVIOUSLY REPORTED EXCEPTIONAL ITEMS.GALLIFORD TRY - NET DEBT AT 30 JUNE 2019 OF £60M (2018: NET CASH £98M) WITH AVERAGE NET DEBT OF £187M, IN LINE WITH PREVIOUS GUIDANCE FOR FULL YEAR.GALLIFORD TRY PLC - LINDEN HOMES HAS MAINTAINED ITS SALES RATE AND STRONG MARGIN AND CONTINUES TO IMPROVE ITS CUSTOMER SATISFACTION..GALLIFORD TRY PLC - STRATEGIC REVIEW OF CONSTRUCTION IS NOW COMPLETE, AND UNDERLYING OPERATIONS FOR FY ARE PERFORMING WELL..GALLIFORD TRY - ABERDEEN WESTERN PERIPHERAL ROUTE IS COMPLETE.GALLIFORD TRY - FY CURRENT ORDER BOOK IS £2.9BN (2018: £3.3BN) WITH 88% OF REVENUE FOR NEW FINANCIAL YEAR SECURED (2018: 87%).GALLIFORD TRY PLC - LINDEN HOMES DELIVERED 3,229 UNIT COMPLETIONS IN FY, INCLUDING UNITS IN JOINT VENTURES (2018: 3,442 UNITS).GALLIFORD TRY PLC - AVERAGE PRIVATE SELLING PRICE OF £351,000 (2018: £367,000) IN FY.  Full Article

Bovis Approaches Rival Galliford Try About Housebuilding Merger- Sky News
Saturday, 25 May 2019 

May 25 (Reuters) - :BOVIS APPROACHES RIVAL GALLIFORD TRY ABOUT HOUSEBUILDING MERGER- SKY NEWS.  Full Article

Galliford Try Says Construction Business To Concentrate On Core Strengths, Reduction Of Up To 350 Personnel
Tuesday, 21 May 2019 

May 21 (Reuters) - Galliford Try PLC ::TRADING STATEMENT.ANTICIPATE ACHIEVING A FULL YEAR RESULT CONSISTENT WITH CURRENT RANGE OF ANALYSTS' EXPECTATIONS.AVERAGE NET DEBT FOR FULL YEAR EXPECTED TO BE IN LINE WITH PREVIOUS GUIDANCE OF BETWEEN £170M AND £190M.CONSTRUCTION BUSINESS TO CONCENTRATE ON CORE STRENGTHS IN BUILDING, WATER, HIGHWAYS RESULTING IN REDUCTION OF UP TO 350 PERSONNEL IN UK.CURRENT ORDER BOOK IS £3.0BN (2018: £3.3BN). 78% OF NEXT YEAR'S REVENUE HAS BEEN SECURED (2018: 71%).CONFIDENT DECISION TO REFOCUS CONSTRUCTION ACTIVITIES WILL DELIVER A MORE STABLE BUSINESS FOR FUTURE AND SUPPORT IMPROVED MARGINS.LINDEN HOMES CONTINUES TO SEE A STEADY SALES RATE AND TO DELIVER OPERATIONAL IMPROVEMENTS.STRATEGIC REVIEW OF CONSTRUCTION TO RESTRUCTURE AND REFOCUS BUSINESS COMPLETE AND BEING IMPLEMENTED.RESIZED CONSTRUCTION BUSINESS WELL PLACED TO DELIVER IMPROVED PERFORMANCE.FOR PERIOD 1 JANUARY TO 20 MAY 2019 GROUP TRADING WELL.UNIT SALES RESERVED, CONTRACTED OR COMPLETED OF 4,320 (2018: 4,494) FOR LINDEN HOMES AS AT 17 MAY 2019.LINDEN HOMES LOWER AVERAGE SELLING PRICE RESULTING IN TOTAL SALES CARRIED FORWARD OF £1,054M FOR 1 JAN TO 20 MAY 2019 (2018: £1,183M).PARTNERSHIPS & REGENERATION CONTRACTING ORDER BOOK REMAINS STRONG AT £1.0BN (2018: £1.15BN) AS AT 17 MAY 2019.CONSTRUCTION'S PROFITABILITY IN YEAR TO BE IMPACTED BY STRATEGIC REVIEW, WITH WRITE DOWN OF APPROXIMATELY £40M TO BE RECOGNISED IN YEAR.  Full Article

Galliford To Review Construction Business, Lowers Forecast
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Galliford Try PLC ::UNDERTAKING A STRATEGIC REVIEW OF ITS CONSTRUCTION BUSINESS..REVIEW WILL REDUCE SIZE OF CONSTRUCTION BUSINESS.REVIEW INCLUDES AN ASSESSMENT OF OPERATIONAL PROGRESS AND CONTRACT POSITIONS THROUGHOUT CONSTRUCTION BUSINESS.EXPECTS OUTCOME OF ASSESSMENT WILL REDUCE FY POST-EXCEPTIONAL PROFIT BEFORE TAX BY £30M-£40M BELOW CURRENT CONSENSUS ANALYSTS' VIEW.ANTICIPATES THAT THIS REVIEW WILL RESULT IN REDUCED PROFITABILITY IN CURRENT YEAR.MAJORITY OF CONSTRUCTION BUSINESSES CONTINUE TO PERFORM WELL.ADJUSTMENTS ON CONSTRUCTION BUSINESS NOT EXPECTED TO HAVE SIGNIFICANT IMPACT ON PREVIOUS GUIDANCE ON AVERAGE NET DEBT FOR YEAR.  Full Article

Galliford Awarded Two Water-Related Contracts Worth 35 Mln Stg
Thursday, 4 Apr 2019 

April 4 (Reuters) - Galliford Try PLC ::GALLIFORD TRY PLC - AWARDED TWO WATER-RELATED CONTRACTS WORTH A TOTAL OF £35 MILLION.GALLIFORD TRY PLC - BOTH CONTRACTS WILL BE UNDERTAKEN BY ENVIRONMENT BUSINESS UNIT OF GALLIFORD TRY'S INFRASTRUCTURE DIVISION.  Full Article

Galliford Try Construction Business Retained Place On Southern Construction Framework
Monday, 18 Mar 2019 

March 18 (Reuters) - Galliford Try PLC ::GALLIFORD TRY PLC - GALLIFORD TRY ANNOUNCES THAT ITS CONSTRUCTION BUSINESS HAS SUCCESSFULLY RETAINED ITS PLACE ON SOUTHERN CONSTRUCTION FRAMEWORK.GALLIFORD- APPOINTED TO LOT 1 FOR SOUTH WEST ENGLAND, INCLUDING PROJECTS OF £2M AND ABOVE, LOT 2 FOR PROJECTS £4M AND ABOVE ACROSS SOUTH EAST ENGLAND.GALLIFORD- APPOINTED TO AND LOT 3 FOR PROJECTS OF £5M ABOVE WITHIN LONDON.  Full Article

Premier Technical Services Says Appointed By Galliford Try To Deliver Fire Suppression Package
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Premier Technical Services Group PLC: :APPOINTED BY GALLIFORD TRY TO DELIVER FIRE SUPPRESSION PACKAGE AT OAKLANDS HOUSE WEST LONDON REGENERATION SCHEME.PROJECT HAS A VALUE OF £155M.605 NEW HOMES WILL BE DELIVERED, INCLUDING 40% SOCIAL AND AFFORDABLE HOMES AS PART OF FIRE SUPPRESSION PACKAGE.  Full Article

Galliford Try Signs Development Deal Worth About 275 Mln Stg
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Galliford Try PLC ::AWPR HANDOVER AND MAJOR EALING REGENERATION SCHEME.CONFIRMS FINAL SECTION OF AWPR IS COMPLETED, HANDED OVER TO CLIENT AND WILL BE FULLY OPEN TO TRAFFIC ON 19 FEBRUARY 2019.GALLIFORD TRY PARTNERSHIPS & REGENERATION HAS SIGNED A DEVELOPMENT AGREEMENT WITH EALING BOROUGH COUNCIL WORTH AN ESTIMATED £275M.PERCEVAL HOUSE PROJECT WILL SEE BUSINESS DELIVER 470 NEW HOMES.  Full Article

Galliford Try Appointed To 8 Bln Stg Highways England Framework
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Galliford Try PLC ::GALLIFORD TRY APPOINTED TO £8BN HIGHWAYS ENGLAND FRAMEWORK.FRAMEWORK, WHICH REPLACES CURRENT COLLABORATIVE DELIVERY FRAMEWORK, IS WORTH A TOTAL OF £8.7BN AND WILL RUN FOR SIX YEARS.  Full Article

Galliford Try Says Final Costs For AWPR Contract Up By About 20 Mln Stg​
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Galliford Try PLC ::GROUP EXPECTS TO REPORT A FY 2019 PRE-EXCEPTIONAL PROFIT BEFORE TAX IN LINE WITH PREVIOUS GUIDANCE.GROUP EXPECTS TO REPORT A FY 2019 PRE-EXCEPTIONAL PROFIT BEFORE TAX IN LINE WITH PREVIOUS GUIDANCE.AVERAGE NET DEBT FOR FY 2019 IS EXPECTED TO REMAIN IN PREVIOUSLY GUIDED RANGE OF £170M TO £190M.SALES RATES ARE LOWER THAN LEVELS ACHIEVED IN FY 2018.ON AWPR, COMPLETION DATE FOR FINAL SECTION EXPECTED TO BE IN DEC OWING TO INCREASED COMPLEXITY, ATHER DELAYS IN IMPLEMENTING REPAIRS TO BRIDGE.ON AWPR, ETIMATE OF FINAL COSTS TO COMPLETE CONTRACT HAS INCREASED BY APPROXIMATELY £20M.UNDERLYING CONSTRUCTION BUSINESS CONTINUES TO TRADE IN LINE WITH EXPECTATIONS.PRICES AND MARGINS REMAIN IN LINE WITH EXPECTATIONS AND BUSINESS EXPECTS TO ACHIEVE ITS TARGETS FOR FULL YEAR.LINDEN HOMES BUSINESS EXPECTS TO ACHIEVE ITS TARGETS FOR FULL YEAR.  Full Article

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