London pre-open: Limited gains expected on FTSE ahead of BoE report
24th Jun 2014 07:40
London's blue chips look set move slightly higher early on, with direction limited after a mixed performance in both the States and Asia overnight. Ahead of the Bank of England's (BoE) latest inflation report due out later today, the FTSE 100 is expected to edge around 10 points above yesterday's
Read moreGalliford Try seals deal for £100m Kent housing contract
24th Jun 2014 07:31
Housebuilding and construction firm Galliford Try has sealed a deal with Kent County Council on the £100m 'Excellent Homes for All' scheme. The company was announced as preferred bidder for the contract in December 2013, which has now reached financial close. Galliford will build around 240 homes
Read moreFTSE 250 movers: Lonmin jumps on potential resolution to strikes
12th Jun 2014 14:15
Shares in Lonmin, up nearly 10%, have rebounded strongly - having fallen as much as 4% earlier on - after reports that the AMCU union in South Africa has agreed to take an offer from partners Impala, Amplats and Lonmin to employees following strikes began earlier this year. Electronic components di
Read moreLondon open: Mining stocks pull FTSE 100 lower ahead of data
12th Jun 2014 08:25
- Profit taking continues as miners fall - Traders await global economic data - Broker downgrades hit blue chips techMARK 2,839.63 -0.04% FTSE 100 6,827.09 -0.17% FTSE 250 16,073.58 -0.09% UK stocks opened flat on Thursday morning as weakness in the mining sector held back any chances of a rebound
Read moreBalfour, Galliford and Carillion to work on £745m highway project in Scotland
12th Jun 2014 07:44
Infrastructure and construction peers Balfour Beatty, Galliford Try and Carillion have been appointed preferred bidders to work on a £745m project to build new roads in Scotland. The Connect Roads consortium, made up of the three companies, has been selected to work on the Aberdeen Western Peripher
Read moreGalliford Try wins framework contract with Midlands Highways
5th Jun 2014 08:05
Housebuilding and construction group Galliford Try has been appointed as one of the framework contractors to provide road maintenance in central England for the first time, which it predicts will be worth around £81m. The FTSE 250 company's Infrastructure business won the framework deal across bot
Read moreLondon midday: ITV drops as UK stocks retreat from 14-year high
14th May 2014 11:50
- ITV leads fallers after underwhelming Q1 - Markets pull back from highest level since 1999 - BoE strikes dovish tone in Inflation Report - Compass, Mondi rise strongly after updates techMARK 2,797.20 -0.25% FTSE 100 6,862.96 -0.15% FTSE 250 16,008.81 -0.19% UK stocks were in negative territory o
Read moreGalliford Try confident of beating full-year profit forecasts
14th May 2014 07:44
- Upgrades profit forecast as housing market improves - Record 1bn pounds worth of house sales reserved - Growth constrained by supply issues UK house builder Galliford Try said it expects to eclipse full-year profit expectations of 89.7m pounds and report no less than 92.0m pounds helped by a stre
Read moreSector movers: Real estate, construction stocks gain on positive outlook
10th Apr 2014 13:50
Real estate, construction and materials stocks were performing well on Thursday amid signs of continued robust growth in the UK housing market. House sales across Britain climbed to a six-year high in the first quarter of 2014, with growth spreading "right across the country", according to the Roya
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreAdmiral Chairman reduces interest after wife makes share sale
6th Mar 2014 15:50
The wife of the Chairman of Admiral this week sold 1.2m pounds-worth of shares on the same day the insurance giant cheered with an in-line set of full-year results. The 1,500p-a-share sale reduced Alastair Lyons's interest by 80,000 shares to 312,152. The disposal took advantage of the recent ri
Read moreFTSE 250 movers: African Barrick Gold soars
19th Feb 2014 14:37
African Barrick Gold was a strong riser despite there being no apparent reason for its gain. Bryce Elder, an FT Alphaville contributor, commented today that 'the volume says to me it may be something more than a highly geared play on the gold price'. UK housebuilder Galliford Try reported an 18% r
Read moreGalliford Try's half-year profits rise on improved housing market
19th Feb 2014 07:28
- Revenue and profit up 18 per cent - Dividend raised 25 per cent - On track to meet full-year expectations UK housebuilder Galliford Try reported an 18 per cent rise in pre-tax profit to 38.1m pounds in the first half, boosted by improved housing market conditions. The company said it achieved a
Read moreGalliford Try awarded contract by own joint venture
17th Feb 2014 09:14
Housebuilder Galliford Try has been appointed preferred bidder on a residential contract to develop the Westfield House site in South West London. The £41m deal was awarded to the construction group's Building business by a joint venture (JV) set up by its housebuilding business, Linden Homes, and
Read moreTuesday broker round-up UPDATE
4th Feb 2014 09:20
Alumasc: FinnCap ups target price from 142p to 167p and retains its buy recommendation. Barratt Developments: Barclays increases target price from 444.7p to 471.2p and keeps an overweight rating. Bellway: Barclays raises target price from 1498.1p to 1552.6p, but keeps an underweight rating. Berke
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