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Galliford Try PLC (GFRD.L)

GFRD.L on London Stock Exchange

688.00GBp
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Change (% chg)

-12.50 (-1.78%)
Prev Close
700.50
Open
705.00
Day's High
705.00
Day's Low
686.50
Volume
319,484
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461,989
52-wk High
1,117.00
52-wk Low
499.60

Latest Key Developments (Source: Significant Developments)

Galliford Try FY Profit Slumps, Says Planned For Brexit Uncertainty
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - Galliford Try PLC ::FINAL RESULTS.FY PROFIT BEFORE TAX £104.7M VERSUS £143.7M.FY GROUP REVENUE £2,711M VERSUS £2,932M.FULL YEAR DIVIDEND PER SHARE 58.0P.FY PRE-EXCEPTIONAL PROFIT BEFORE TAX £155.5M VERSUS £188.7M.FY CONSTRUCTION RESULTS IMPACTED BY CONTRACT WRITE-DOWNS AND RESTRUCTURING COSTS PREVIOUSLY ANNOUNCED.FY £2.9BN ORDER BOOK (2018: £3.3BN).GROUP CONTINUES TO TRADE WELL AGAINST BACKDROP OF CONTINUING POLITICAL AND ECONOMIC UNCERTAINTY.EXCEPTIONAL CHARGE INCLUDED £6.7M AGAINST ANOTHER LEGACY CONTRACT, £4.6M OF RESTRUCTURE COMPLETED WITHIN CONSTRUCTION BUSINESS.ADDITIONALLY, GROUP INCURRED AN IMPAIRMENT CHARGE OF £2.8M IN FY IN RESPECT OF NEW GUIDANCE ON EXPECTED CREDIT LOSSES.BIGGEST IMPACT FORESEEN FROM BREXIT IS EFFECT ON MARKETS, AND ON LINDEN HOMES MARKET IN PARTICULAR.BIGGEST IMPACT FORESEEN FROM BREXIT IS A POTENTIAL SEVERE DECLINE IN CONSUMER CONFIDENCE AND ECONOMIC ACTIVITY IN GENERAL.BELIEVE OUR BUSINESS PLANNING IS AS PREPARED AS POSSIBLE FOR BREXIT UNCERTAINTY.HAVE MADE SPECIFIC ARRANGEMENTS WHERE WE FORESEE POTENTIAL FOR DISRUPTION TO IMPORT OF CRITICAL MATERIALS AND PRODUCTS.IS CONTINUING TO NEGOTIATE A SIGNIFICANT CLAIM AGAINST CLIENT ON AWPR CONTRACT, CONSTRUCTION OF WHICH WAS CONCLUDED IN EARLY 2019.OVER LAST THREE FINANCIAL YEARS, WE HAVE RECORDED £152M OF EXCEPTIONAL LOSSES IN RELATION TO AWPR.CONSULTANTS HAVE ADVISED AN EXPECTED RECOVERY OF AROUND £100M TO GALLIFORD TRY FROM AWPR CLAIMS.  Full Article

Bovis HY Profit Jumps, Says No Change In Customer Behavious Ahead Of Brexit
Tuesday, 10 Sep 2019 

Sept 10 (Reuters) - Bovis Homes Group PLC ::H1 REVENUE ROSE 9 PERCENT TO 472.3 MILLION STG.H1 PRETAX PROFIT ROSE 20 PERCENT TO 72.4 MILLION STG.INTERIM DIVIDEND UP 8% TO 20.5P PER SHARE.HY TOTAL COMPLETIONS 1,647 VERSUS 1,580.HY TOTAL AVERAGE SELLING PRICE £269.2K VERSUS £262.7K.EXPECT TO MAKE PROGRESS AGAINST OUR MEDIUM TERM TARGETS IN YEAR, WITH A NUMBER ALREADY ACHIEVED.96% OF FY19 TOTAL COMPLETIONS AND C.10% OF FY20 PRIVATE UNITS SECURED.FURTHER £60M OF CAPITAL TO BE RETURNED TO SHAREHOLDERS IN SECOND HALF.DESPITE WIDER MARKET UNCERTAINTY AROUND BREXIT, MARKET FUNDAMENTALS REMAIN SUPPORTIVE.INCREASE IN PRICING IN HY REFLECTS IMPROVED GEOGRAPHICAL SPREAD OF SALES OUTLETS WITH OVERALL UNDERLYING PRICING BROADLY FLAT.IN LIGHT OF CONTINUED UNCERTAINTY IN UK POLITICS AND NOTE THAT WE HAVE NOT EXPERIENCED ANY SIGNIFICANT CHANGE IN CUSTOMER BEHAVIOUR.DO NOT EXPECT POLITICAL SITUATION TO HAVE A MATERIAL IMPACT ON OUR EXPECTED RESULTS FOR 2019.INCREASED INVESTMENT IN PARTNERSHIPS BUSINESS RESULTS IN CO NOW EXPECTING TO ACHIEVE ROCE TARGET OF 25% BY 2022.SIGNIFICANT PROPORTION OF BUILDING MATERIALS ARE UK SOURCED AND WE ARE IN REGULAR CONTACT WITH OUR SUPPLIERS REGARDING MATERIAL AVAILABILITY.IMPLEMENTED PROGRAMME OF COST SAVING INITIATIVES ACROSS ALL AREAS OF BUILD INCLUDING WORKING WITH SUPPLY CHAIN.NO SIGNIFICANT ISSUES AROUND BUILDING MATERIALS ANTICIPATED ON EXIT FROM EU.COST SAVING INITIATIVES TO COUNTER BUILD COST INFLATION AND GROUP WIDE SPECIFICATION CHANGES WHERE APPROPRIATE.  Full Article

Galliford Try Says Peter Ventress Appointed As Non-Exec Director And Chairman Designate Of Bunzl
Tuesday, 28 May 2019 

May 28 (Reuters) - Galliford Try PLC ::DIRECTOR DECLARATION.PETER VENTRESS, NON-EXECUTIVE CHAIRMAN OF BOARD, APPOINTED AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN DESIGNATE OF BUNZL PLC.PETER VENTRESS WILL RETIRE FROM BOARD OF SOFTCAT PLC ON 31 DECEMBER 2019.  Full Article

Bovis Homes Says No Longer In Talks With Galliford On Potential Combination With Linden Homes
Tuesday, 28 May 2019 

May 28 (Reuters) - Bovis Homes Group PLC ::STATEMENT REGARDING GALLIFORD TRY.BOVIS HOMES AND GALLIFORD TRY ARE NO LONGER IN DISCUSSIONS.SUBMITTED REVISED PROPOSAL ON 8 MAY ON POTENTIAL COMBINATION OF CO & GALLIFORD'S LINDEN HOMES AND PARTNERSHIPS & REGENERATION UNITS.REVISED PROPOSAL ON 8 MAY FOR CONSIDERATION OF £950M & ASSUMPTION OF GALLIFORD'S 10-YEAR DEBT PRIVATE PLACEMENT OF £100M.  Full Article

Galliford Try Says "Confident" In Long-Term Prospects After Rejecting Bovis Homes bid
Tuesday, 28 May 2019 

May 28 (Reuters) - Bovis Homes Group PLC ::STATEMENT RE MEDIA SPECULATION.REMAINS CONFIDENT IN LONG-TERM PROSPECTS OF GROUP.GALLIFORD TRY BOARD "CAREFULLY CONSIDERED" BOVIS HOMES PROPOSAL TOGETHER WITH ITS FINANCIAL ADVISER, ROTHSCHILD & CO.REJECTED BOVIS HOMES PROPOSAL AS IT BELIEVES IT DOES NOT FULLY VALUE LINDEN HOMES AND PARTNERSHIPS & REGENERATION DIVISIONS.  Full Article

Galliford Try Selected By Enfield Council To Build First 725 Homes
Thursday, 25 Apr 2019 

April 25 (Reuters) - Galliford Try PLC ::GALLIFORD TRY PLC - CONTRACT.GALLIFORD TRY - SELECTED BY ENFIELD COUNCIL TO BUILD FIRST 725 HOMES AT £6 BILLION MERIDIAN WATER DEVELOPMENT IN LEA VALLEY.GALLIFORD TRY PLC - FIRST NEW HOMES UNDER CONTRACT ARE EXPECTED TO BE AVAILABLE IN 2022.  Full Article

Galliford Try Announces Partnership Deal With Homes England
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Galliford Try PLC ::CONTRACT.GALLIFORD TRY ANNOUNCES PARTNERSHIP DEAL WITH HOMES ENGLAND.SIGNED AN AGREEMENT WITH HOMES ENGLAND TO BUILD MORE THAN 850 HOMES ACROSS UK.NATIONAL PARTNERSHIP WILL DELIVER HOUSING ACROSS KEY SITES IN REDCAR, CHESHIRE, STAFFORDSHIRE AND DORSET.WORK ON HOMES ENGLAND DEAL WILL BEGIN IMMEDIATELY AND FIRST HOMES EXPECTED TO COMPLETE IN SPRING 2020.  Full Article

Galliford Try's CEO Truscott Steps Down With Immediate Effect
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Galliford Try PLC ::GALLIFORD TRY PLC - PETER TRUSCOTT HAS STEPPED DOWN AS CHIEF EXECUTIVE AND LEAVES BUSINESS WITH IMMEDIATE EFFECT..GALLIFORD TRY PLC - GRAHAM PROTHERO, CURRENTLY GROUP FINANCE DIRECTOR, WILL SUCCEED PETER AS CHIEF EXECUTIVE.GALLIFORD TRY PLC - ANDREW DUXBUR WILL SUCCEED GRAHAM AS GROUP FINANCE DIRECTOR.  Full Article

Crest Nicholson Poaches CEO From Galliford Try
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Crest Nicholson Holdings PLC ::CREST NICHOLSON HOLDINGS PLC - PETER TRUSCOTT WILL JOIN BOARD OF CREST NICHOLSON AS CHIEF EXECUTIVE IN SUCCESSION TO PATRICK BERGIN..CREST NICHOLSON HOLDINGS PLC - PETER TRUSCOTT WILL JOIN BOARD OF CREST NICHOLSON AS CHIEF EXECUTIVE IN SUCCESSION TO PATRICK BERGIN.CREST NICHOLSON - TRUSCOTT WILL BECOME CHIEF EXECUTIVE OF CREST NICHOLSON FOLLOWING CESSATION OF HIS CONTRACT WITH GALLIFORD TRY PLC.CREST NICHOLSON - PATRICK BERGIN HAS AGREED TO STEP DOWN FROM GROUP CHIEF EXECUTIVE ROLE AND FROM BOARD AT AGM.CREST NICHOLSON - CHRIS TINKER WILL BECOME INTERIM CHIEF EXECUTIVE.  Full Article

J O Hambro Capital Management Discloses 5.17 Pct Stake In Galliford Try - Filing
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Galliford Try PLC ::J O HAMBRO CAPITAL MANAGEMENT LIMITED DISCLOSES 5.17 PERCENT STAKE IN GALLIFORD TRY PLC - FILING.  Full Article

UPDATE 2-Stimulus, trade hopes lift FTSE 100; LSE at life high on Hong Kong bid

* GMS drops after delaying results (Adds company news items, analyst comments, updates to close of trading)