London midday: FTSE flat as UK stocks pause at 15-year high
18th Feb 2015 12:16
UK stocks had erased gains and were trading broadly flat by Wednesday lunchtime, though the FTSE 100 held just short of its all-time high on the back of hopes for Greece. The FTSE 100 was up just 0.04% at 6,900.77 by midday, having pulled back after reaching a high of 6,921.32 early on. The last ti
Read moreLondon open: Greek hopes send FTSE to 15-year high as stocks near record levels
18th Feb 2015 08:46
UK stocks were trading at a 15-year high on Wednesday morning, nearing record levels on the back of hopes that Greece will bow into international pressure and request a bailout extension. The FTSE 100 was up 0.2% at 6,913 in early deals. The last time the index has closed above this level was on 30
Read moreGalliford Try sees record performance at half-year stage
17th Feb 2015 08:47
Homebuilder Galliford Try achieved strong revenue and profit growth in the first six months of the year, which allowed management to unveil a 47% boost to its interim dividend pay-out. Interim revenues rose by 35% to reach £1,0854m, driving a 12% gain in profits before tax to £42.5m. Before exceptio
Read moreGalliford Try secures £40m contract in Northampton
12th Feb 2015 14:15
Housebuilding group Galliford Try has secured a £40m contract to build a new headquarters for Northamptonshire County Council. The project, designed by architects BDP, will see 2,000 local authority staff to move into a 189,400 square feet four-storey office. "We are delighted to have been appointe
Read moreGalliford Try secures £31.2m construction project in Scotland
13th Jan 2015 15:14
Galliford Try's Scottish business Morrison Construction has secured a £31.2m contract to build a school in Cumbernauld, North Lanarkshire. The new Greenfaulds High School will form part of the North Lanarkshire Council's Schools and Centres 21 scheme. Galliford will invest an extra £0.7m in the fund
Read moreFTSE 250 movers: Renishaw and construction sector receive boost as mining stocks decline
7th Jan 2015 14:09
Renishaw was rising after it released an unscheduled trading update late on Tuesday. Numis upgraded its profit forecast by 30% and claims that it expects consensus to follow suit. Renishaw also had its "overweight" rating restated by Barclays in a research note issued on Wednesday. The firm announce
Read moreGalliford Try says Miller integration substantially ahead of plan
7th Jan 2015 09:06
Homebuilder and construction outfit Galliford Try saw a solid performance over the six months to 31 December, with unit completions rising 12.5% and the integration of the recently acquired Miller Construction proceeding substantially ahead of plan. Some analysts have been concerned over the impact
Read moreWednesday preview: Eurozone deflation on the cards, analysts predict
6th Jan 2015 16:21
The spotlight will shine on Eurozone inflation figures on Wednesday as the European Central Bank's (ECB) policy meeting looms. Analysts predict euro-area consumer prices fell 0.1% year-on-year in December after a 0.3% gain a month earlier. With the threat of deflation, the ECB is under mounting pre
Read moreTuesday tips round-up: Galliford Try, KazMunaiGas
6th Jan 2015 12:22
The shrewdness of Galliford Try's boss, Greg Fitzgerald, has stood the company well since the financial crisis. Fitzgerald, who has been at the outfit for 34 years, the last 11 of them at the helm, opted to raise funds at the bottom of the crisis. He used those resources to scoop up land at cheap pr
Read moreGalliford Try wins £48.5m contract to build community campus
6th Jan 2015 08:16
Galliford Try has reached an agreement on a £48.5m contract with the Highland Council to build community campus in Wick, Scotland, with an ongoing services contract. In addition, the FTSE 250 company will invest £1.6m in the project and will provide ongoing hard facilities maintenance and lifecycle
Read moreLondon pre-open: Stocks expected to fall as volumes pick up
5th Jan 2015 07:38
UK stocks are expected to drop on Monday morning as traders return to their desks in a cautious mood after the festive holidays. City sources predict the FTSE 100 will open around 40 points lower than Friday's close of 6,547.80. "This Monday finally sees the return of most traders from the Christma
Read moreGalliford Try wins £45.2m deal with NHS Lothian
5th Jan 2015 07:02
Morrison Construction, a subsidiary of British housebuilder Galliford Try, has secured a £45.2m deal to build and operate the first phase of the redevelopment of the Royal Edinburgh Hospital. Morrison will carry out the construction work, while Galliford will invest £2.2m in the funding for the proj
Read moreGalliford Try appointed to school framework in Lanarkshire
19th Nov 2014 07:50
The Scottish business of construction group Galliford Try, Morrison Construction, has been appointed to North Lanarkshire Council's Schools and Centres 21 phase two framework. The framework is expected to produce a pipeline of up to £100m in schools projects during the next four years. Morrison Con
Read moreLondon pre-open: Little change expected on FTSE ahead of opening bell
11th Nov 2014 07:18
UK stocks are expected to kick-off Tuesday's session with limited gains as investors await direction ahead of what is expected to be another fairly quiet session beyond corporate news. City sources predict the FTSE 100 will open around five points higher than Monday's close of 6,611.25. The economi
Read moreHighways Agency appoints Galliford Try to five-year framework
11th Nov 2014 07:15
Housebuilding and construction group Galliford Try has announced that its infrastructure business has been appointed by the Highways Agency to its collaborative delivery framework. The group is one of six contractors that will deliver works worth a total of up to £1.15bn over the five-year duration
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