Broker snap: UBS warns of macro challenges for UK house-builders
13th Dec 2011 11:35
In its assessment of the UK house-building sector, UBS hails has warned that the upcoming year will be tough on stocks given the more challenging macro-economic outlook. UK house-builders have outperformed the FTSE All-Share index by 25% in 2011 so far, UBS notes, despite a difficult mortgage marke
Read moreGalliford Try sees growth in house building
11th Nov 2011 07:27
The construction and house building group, Galliford Try has seen 38% growth in home sales reservations but more subdued trading in its construction business. For the current financial year (to June 2012) total reservations in Housebuilding stand at £342m from the 82 housing projects Galliford is i
Read moreLondon pre-open: Moderate gains expected
11th Nov 2011 07:17
The Footsie is expected to open up moderately higher following on from moderate gains seen on Wall Street last night and in Asian markets this morning. City sources predict that the FTSE 100 will open up around 38 points from yesterday's close of 5,445. The blue chip index is looking for a quick c
Read moreLondon close: FTSE 100 rises 1% as euro fears ease
14th Sep 2011 16:30
The Footsie finished strongly on Wednesday, gaining over 1%, despite a slow start for US stocks after retail sales were unchanged in August. Stocks were helped on numerous reports of governments riding to the rescue of Europe - such as the BRICs (Brazil, Russia, India, and China) who are said to be
Read moreLondon midday: FTSE 100 buoyant as Next rallies retailers
14th Sep 2011 12:12
The volatility continues with the top share index in the blue now after a weak start. In what it confessed has been a difficult year so far, clothing retailer Next saw half-year sales rise 3% to £1,565m from the year before, while profit before tax jumped 8.5% to £228m. Excluding its Ventura arm, N
Read moreLondon open: FTSE 100 bounces back after early jitters
14th Sep 2011 09:00
The volatility continues with the top share index in the blue now after a weak start. In what it confessed has been a difficult year so far, clothing retailer Next saw half-year sales rise 3% to £1,565m from the year before, while profit before tax jumped 8.5% to £228m. Excluding its Ventura arm, N
Read moreLondon pre-open: Yesterday's gains to dissipate
14th Sep 2011 07:24
Yesterday's gains are set to be given back at the outset, with City sources predicting the FTSE 100 will open down 46 points from yesterday's close of 5,174. In what it confessed has been a difficult year so far, clothing retailer Next saw half-year sales rise 3% to £1,565m from the year before, wh
Read moreSouthern focus helps Galliford Try beat expectations
14th Sep 2011 07:05
A focus on the resilient south of England helped the builder Galliford Try's profits for the year to 30 June come in ahead of expectations. Pre-tax profits came in at £35.1m, up from £26.1m the previous year and ahead of broker Peel Hunt's prediction of £34.8m. Revenues rose to £1.28bn from £1.22b
Read moreWednesday preview: Next, Barratt, Galliford Try, Hargreaves Services
13th Sep 2011 16:13
Fashion retailer Next said last month that total sales rose 3.2% in the first half of the year, as strong growth in online sales offset a moderate decline in its shops. It also said it expects the cost price inflation environment to improve, but given recent market volatility, it will be interesting
Read moreGalliford Try dips despite contract wins
27th Jun 2011 16:15
House building and construction group Galliford Try has secured two contracts worth £73m. The company's Scottish construction business, Morrison Construction, has been awarded a £50m contract by oilfield services outfit Petrofac, the lead contractor on a new £500m onshore gas plant being built for
Read moreGalliford Try chairman designate lays foundations
16th Jun 2011 15:21
Galliford Try's chairman-designate Ian Coull has started building a stake, spending nearly £50,000 on shares in the construction firm. He took 10,000 shares at 497.75p a time. Coull, 60, who will be replacing David Calverley, 68 in the chairman's seat, is chief executive of SEGRO Europe's largest
Read moreGalliford Try's Greg Fitzgerald builds stake
9th Jun 2011 16:16
Galliford Try's chief executive Greg Fitzgerald has added to his stake in the housebuilder and construction firm, splashing out more than £400,000. He took 83,675 shares at 487p a pop, and now has 748,285, nearly 1% of the company. Fitzgerald, 46, was head of Galliford's housebuilding division unt
Read moreBroker tips: Kingfisher, Drax, Galliford Try
2nd Jun 2011 11:30
Prime Markets has confirmed a 'sell' recommendation and target price of 248p for B&Q owner Kingfisher, saying that the shares have climbed "too far too quickly" over the last couple of months. "Whilst we have got off to a good start, it remains our view that this year is likely to be a tough one fo
Read moreBroker snap: Everything upgraded at Galliford
2nd Jun 2011 11:29
Peel Hunt has nudged up nearly all of its forecasts for housebuilder and construction firm Galliford Try, saying that the company presents an "interesting proposition: high growth, high yield and no debt." "The company has been dogged by doubts on delivery in housing and fears of a slump in constru
Read moreThursday tips round-up: Galliford Try, Wolseley, Iomart
2nd Jun 2011 06:48
The good times keep on rolling at Galliford Try, the housebuilder and construction company. The 103-year-old firm yesterday boasted that it had been selected as a partner on three affordable housing contracts worth a total of £584m in London, the South-east and eastern regions of England. The fact t
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