Wednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreLondon open: Sainsbury warns celebrations will not carry into 2013
9th Jan 2013 08:10
The UK's main equity benchmark, the FTSE 100, has started the Wednesday session slightly higher, up by 18 points to 6,071, to just below technical resistance at the 6,100 point mark, despite the release of mixed results overnight from US aluminium giant Alcoa and what appears to be a rather mixed ne
Read moreGalliford Try to beat expectations in first half
9th Jan 2013 07:36
Galliford Try, the housebuilding and construction group, seemed to ignore the doom and gloom shrouding the construction industry, saying it would beat profit expectations in its first half. The firm also said it was on track to meet full year expectations. In the first half, housebuilding revenue
Read moreGalliford Try wins Manchester regeneration contract
7th Jan 2013 08:13
Construction firm Galliford Try said it was part of a winning bid to carry out a 100m pound regeneration project in East Manchester. The firm said S4B, an Equitix-led partnership that includes Galliford and Contour Homes, had been appointed as preferred bidder for the Brunswick regeneration scheme.
Read moreSector movers: CRH drags construction sector lower
3rd Jan 2013 15:01
A fall from heavyweight building materials group CRH ensured that the construction and materials sector was in the red today, offsetting a decent performance by second-tier firms Balfour Beatty and Galliford Try. FTSE 100-listed CRH, which has a market capitalisation of around £9.2bn, reported on W
Read moreGalliford Try boasts multiple contracts
3rd Jan 2013 07:36
Galliford Try, the housebuilding and construction group, said its construction division had won four new contracts worth a total of 55m pounds. The largest is a £20m contract to construct a new Extra Care facility on behalf of Staffordshire County Council and The Wrekin Housing Trust. The project
Read moreGalliford Try MD steps down due to ill-health
19th Dec 2012 07:35
Housebuilding and construction group Galliford Try has announced that Ian Baker has stepped down from his positions as Group Managing Director of Housebuilding and a member of the executive board with immediate effect for reasons of sudden ill-health. Baker will remain with the business until Nove
Read moreGalliford Try consortium wins massive Scottish infrastructure project
19th Nov 2012 07:47
A joint venture including FTSE 250 construction group Galliford Try has reached financial close on a 600m-pound public-sector infrastructure project in Scotland, the company announced on Monday morning. Alliance Community Partnerships, a consortium comprising Galliford Try Investments, Equitix Hold
Read moreGalliford Try CEO reduces stake in company after upbeat update
15th Nov 2012 16:48
Greg Fitzgerald, the Chief Executive of Galliford Try, the FTSE 250 building group, has reduced his stake in the company by 300,000 shares just a week after announcing the group is now 'well positioned to deliver further profitable growth'. Fitzgerald, who has occupied the role of CEO since 2005,
Read moreGalliford Try off to a good start
9th Nov 2012 07:24
Building group Galliford Try said that despite an uncertain outlook its housebuilding and construction divisions had made a good start to the financial year. The firm's housebuilding arm reported 7% growth in sales reserved, contracted or completed, taking sales to £460m in the period from 1st July
Read moreSector movers: Construction stocks dented by macro concerns
7th Nov 2012 14:42
Construction and materials stocks were the worst performing stocks on Wednesday with blue-chip constituent CRH among the heaviest fallers. After a strong performance in morning trade, UK stock markets swung into the red after the European Commission at noon cut its forecasts for gross domestic prod
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreGalliford Try to build Birmingham casino complex
15th Oct 2012 07:22
Construction group Galiford Try is to build a casino complex at the National Exhibition Centre in Birmingham. The £89m deal with Genting UK, the largest operator of casinos in the UK, includes construction of the casino, as well as a 176-bed hotel, and a spa. The 'Resorts World' project will also
Read moreHICL makes two small PFI investments
1st Oct 2012 07:26
Infrastructure investment firm HICL Infrastructure has made two new investments in private finance initiative (PFI) projects. The first purchase sees HICL taking total ownership of the Dorset Fire & Rescue PFI Project with the acquisition of Carden Croft's minority 33.0% equity and loan interest.
Read moreDomino's director slices off 100,000 shares
27th Sep 2012 17:30
Patricia Thomas, the Operations Director at Domino's Pizza UK & Ireland, the main operating subsidiary of Domino's Pizza, sold 100,000 ordinary shares in the company on the same day it reported a slowdown in like-for-like sales growth in the third quarter. Thomas disposed of the shares at an avera
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