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Galliford Try FY Profit Slumps, Says Planned For Brexit Uncertainty
Bovis HY Profit Jumps, Says No Change In Customer Behavious Ahead Of Brexit
Galliford Try Sees FY Profit Before Tax In Line With Analysts' Expectations
Galliford Try PLC is a United Kingdom-based house building, regeneration and construction company. The Company operates three businesses verticals: Linden Homes, Galliford Try Partnerships, and Galliford Try and Morrison Construction. Its Linden Homes business develops private homes for sale. The Company’s partnership and regeneration business works with registered providers and local authorities to supply mixed-tenure housing solutions. Its Construction business carries out building and infrastructure development in public, private and regulated sectors.
2 Cowley Business Park, High Street
Peter John Ventress
Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Group Finance Director, Executive Director
Divisional Chairman of West Division Linden Homes
Chief Executive of Construction and Investments
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Galliford Try <GFRD.L> aims to focus on a smaller, more profitable construction business, which will be easier with the cash boost from a proposed sale of its housing businesses to Bovis Homes <BVS.L>, its CEO said on Wednesday.
British builder Galliford Try Plc reported a 27% drop in annual pretax profit on Wednesday, hurt by lower new orders and contract write-downs in its construction business amid a slowing UK housing market.
Britain's Galliford Try <GFRD.L> has restarted talks to sell its residential housing businesses to Bovis Homes <BVS.L> after Bovis nudged up its proposed offer to 1.08 billion pounds ($1.34 billion) and included a cash component.
Britain's Galliford Try Plc said on Tuesday that it and housebuilder Bovis Homes Group Plc had restarted preliminary talks to combine their housing businesses.
British builder Galliford Try Plc <GFRD.L> said on Wednesday it expected annual pretax profit to be in line with analysts' estimates as a reduction in exposure to Central London helped it ride out the worst effects of a slowing UK housing market.
British builder Galliford Try Plc said on Wednesday it expects annual pretax profit to be in line with analysts' estimates, owing to good housing demand.
News of a 950 million pounds bid for the residential units of builder Galliford Try plc drove shares in the company 8% higher on Tuesday even as the bidder Bovis Homes said the two sides were no longer in talks.
British home builder Bovis Homes Group said on Tuesday it was no longer in talks with Galliford Try plc to buy its home building arm, days after the peer rejected a bid from it.
Britain's Galliford Try plc said on Saturday it had rejected a bid from home builder Bovis Homes Group as the offer was not in the interests of all shareholders.
Bovis Homes Group has approached Galliford Try Plc about a housebuilding tie-up after a previous merger talks broke down, Sky News reported on Saturday.
Construction firm Galliford Try Plc <GFRD.L> expects to spend 20 million pounds more to complete the Aberdeen Western Peripheral Route contract, it said on Wednesday, as some repairs get delayed by bad weather.
British construction company Galliford Try Plc said on Wednesday it expects to spend 20 million pounds more to complete the Aberdeen Western Peripheral Route contract as some repairs were delayed by weather conditions.
British construction company Galliford Try Plc <GFRD.L> said it will have to spend more to build Aberdeen's new ring road due to weather-driven delays but the cost will be below 25 million pounds that it incurred in the first half.
British construction company Galliford Try Plc is likely to face additional costs due to weather-driven delays in the construction of Aberdeen's new ring road this year, the company said on Tuesday.
* ANNOUNCES THAT 1 FOR 3 RIGHTS ISSUE OF 27.7 MILLION SHARES AT 568 PENCE PER SHARE CLOSED FOR ACCEPTANCES AT 11:00 A.M. ON 13 APRIL 2018
British construction group Galliford Try said it would raise around 158 million pounds ($225 million) through a fully underwritten rights issue to cover the costs of a troubled project it had been working on with the now-defunct Carillion.
British construction group Galliford Try <GFRD.L> is seeking additional funding to cover the costs of a joint venture to build a major ring road in northern Scotland after the collapse of Carillion Plc, its partner on the project.
* HY GROUP REVENUE 1,403 MILLION EUROS VERSUS 1,235 MILLION EUROS A YEAR AGO
* PROPOSES TO RAISE £150M OF NEW EQUITY CAPITAL (CAPITAL RAISING) FROM ITS SHAREHOLDERS IN COMING WEEKS
British construction group Galliford Try laid out plans to raise 150 million pounds ($209 million) from investors in coming weeks and said it would bring forward plans to increase its dividend cover to the current financial year.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.