Bovis Homes Group in talks with Galliford Try over housebuilding merger May 25, 2019 Bovis Home Groups has approached Galliford Try in recent weeks in a bid to reopen discussions about a merger, which previously broke down two years ago. Bovis is keen to combine a large proportion of their operations, according to Sky News. Read more: Thames Water chief executive Steve Robertson steps down A deal would be [...]
Galliford Try cuts 350 jobs as turnaround plan pushes shares up May 21, 2019 Galliford Try has announced it will axe 350 of its workers in a bid to make the business more profitable, as the struggling building firm grapples to streamline its operations. Read more: Galliford Try cuts 350 jobs as turnaround plan pushes shares up The firm, which last month warned the plans to scale back its [...]
Galliford Try shares plunge as builders warns construction scale-back will hurt 2019 profits April 16, 2019 Galliford Try’s shares plummeted 19 per cent this morning after it revealed plans to scale back its core construction arm, projecting a subsequent fall in 2019 profit. Read more: Galliford Try tasked with building Ealing Council HQ The FTSE 250 firm said it was reviewing the construction business so as to focus on its “key strengths [...]
Galliford Try boss leaves to revive struggling housebuilder Crest Nicholson March 26, 2019 Housebuilder Crest Nicholson’s shares soared this morning as it announced its chief executive is to be replaced by the boss of rival construction firm Galliford Try. Crest, whose profits fell 15 per cent last year as Brexit uncertainty hurt its core high-end market, parts ways with CEO Patrick Bergin at the firm’s annual general meeting [...]
Balfour Beatty: UK’s largest construction firm returns margins to ‘industry standard’ March 13, 2019 Balfour Beatty’s turnaround plan has returned the once troubled construction firm to “industry standard” margins, according to chief executive Leo Quinn. The biggest constructor in the UK reported an increase in profits and an order book growing more than a tenth year-on-year in its 2018 results, prompting shares to rise 1.2 per cent in morning trading. [...]
Galliford Try picks up £275m contract to build new Ealing Council base February 18, 2019 Construction firm Galliford Try has been tasked with building a new headquarters for Ealing Council in west London, in a £275m deal. As well as building council offices, the contract also includes building 470 new homes, half of which will be offered at social and London living rent prices, as well as a library. Read [...]
Galliford Try profits rise despite loss-making Aberdeen bypass project February 13, 2019 Construction firm Galliford Try’s shares grew 4.8 per cent in early morning trading today as it announced rising pre-tax profit, but warned a no-deal Brexit could hurt its supply chain. The FTSE 250 firm, known for carrying out the redevelopment of Wimbledon Tennis Club, also said in its interim results it was still trying to break free from [...]
Good news for housing market: Galliford Try expecting record results again July 8, 2015 The figures Construction group Galliford Try is expecting record results once again, according to a trading update released today. The housebuilder expects pre-tax profits for the full year to the end of June to be in the “upper range” of analysts’ range, while net debt will fall to less than £20m. Completions in its housebuilding arm [...]
Galliford Try awarded £360m Silvertown Way development to build 1,100 homes in Canning Town June 30, 2015 Galliford Try has been awarded a contract by the Greater London Authority to build the £360m Silvertown Way development in Canning Town. The project, which will be delivered through its joint venture with Thames Valley Housing Association, will see Galliford Try build more than 1,100 homes, making it the largest standalone housing scheme the company [...]
Galliford Try record revenue and dividend hike is good news for the UK housing market February 18, 2015 The figures Galliford Try has posted another set of record figures. Pre-tax profits at the housebuilder rose 12 per cent to £42.5m in the six months to the end of December, while revenue soared 35 per cent to more than £1bn. It reduced net debt by £50m. The housebuilder and construction firm has hiked its interim [...]