Galliford Try sees profits sink amid Bovis Homes sale talks September 11, 2019 Galliford Try suffered a 27 per cent slump in profits in its latest financial year, it revealed today, a day after it restarted talks to sell its housebuilding arm to Bovis Homes for £1.1bn. Read more: Galliford Try’s share price rockets as it targets £1.1bn Bovis Homes sale The figures Pre-tax profits crashed 27 per [...]
Galliford Try shares rise as it rebuffs £950m Bovis offer for housebuilding arm May 28, 2019 Home builder Bovis today revealed that talks for a £950m merger deal with Galliford Try’s housing business have collapsed. Read more: Galliford Try rejects takeover bid from rival Bovis Homes Bovs homes said this morning the two firms are "no longer in discussions" after its revised proposal to snap up Galliford Try’s Linden Homes and Partnerships [...]
Galliford Try rejects takeover bid from rival Bovis Homes May 27, 2019 Housebuilder Galliford Try has rejected a takeover bid from rival Bovis Homes, saying the offer undervalued the firm’s business and was not in the interests of shareholders. Read more: Bovis Homes Group in talks with Galliford Try over housebuilding merger Galliford Try confirmed it had received an offer from Bovis for its Linden Homes and [...]
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 [...]