Galliford Try eyes strong FY
5th May 2011 08:13
Housebuilder and construction firm Galliford Try said it expects full year results to be 'significantly ahead' of market estimates and remains confident in its expansion plans during the next financial year. The London based group said it continues to benefit from the strong southern bias of its ex
Read moreGalliford Try involved in £347m regeneration programme
13th Apr 2011 13:31
Galliford Try's shares edged lower on Wednesday despite the housebuilder revealing that it has been appointed preferred bidder one of the UK's largest residential regeneration programmes. The group - as part of a joint venture with housing provider Home Group - will work on the £347m Gateshead rege
Read moreGalliford Try wins £58m school contract
30th Mar 2011 15:31
Following the appointment as preferred bidder in January, Morrison Construction - the Scottish construction business of Galliford Try - has sealed a contract with for a £58m schools investment Programme. Funded by the Scottish government, Morrison Construction will build two new schools, halls of r
Read moreGalliford Try to build luxury flats in Wandsworth
28th Mar 2011 12:14
Housebuilder Galliford Try has won a £38.5m contract to build apartments and commercial units at Wandsworth Riverside Quarter in south west London for Frasers Property UK. It will design and put up three mixed use buildings including 121 luxury apartments, some affordable apartments, commercial spa
Read moreGalliford Try appointed on £0.8bn bridge contract
22nd Mar 2011 14:30
The Scottish infrastructure business of Galliford Try has been selected as the preferred bidder, as part of a joint venture, to design and construct a bridge over the River Forth, for a contract worth £790m. Galliford Try's unit, Morrison Construction, will, along with its joint venture partners, b
Read moreThursday tips round-up: Capital Shopping, Logica, Galliford Try
24th Feb 2011 06:35
Capital Shopping Centres is back in the black with a £446.2m profit after a £150m loss the year before and it increased its net asset value by 15% last year. But the company has challenges ahead. Its Metro Centre in Gateshead is 25 years old next year and about half of the centre's rent is from leas
Read moreLondon close: Shares slump as Libya worries linger
23rd Feb 2011 16:52
More weakness in the US helped send shares in London sharply lower, with the Libyan crisis and the consequent higher oil price weighing on sentiment. Brent crude for April delivery surged to more than $109 per barrel shortly after 2pm, though it has dipped down below $109 again since then. The $3+
Read moreLondon afternoon: Oil lubricates slippery slope
23rd Feb 2011 14:22
An attempted rally in the morning was already fizzling out as the afternoon started, and prices continued to drift lower over the lunchtime trading session, as investors continue to fret about the higher oil price. Brent crude for April delivery surged to more than $109 per barrel shortly after 2pm
Read moreLondon midday: Shares stuck lower amid Libya worries
23rd Feb 2011 12:02
The higher oil price amid continuing turmoil in Libya is helping to keep shares in the red, though company updates have been given a mixed reception. Brent crude hit over $107 per barrel, up 1% today, as the violence and rhetoric in Libya increased. Libyan leader Muammar Qaddafi vowed to fight a gr
Read moreLondon open: Libya casts pall over blue chips
23rd Feb 2011 08:51
London has opened with Libya on its mind amid fears that the unrest sweeping through the country and the Middle East could destabilise Bahrain as well. Brent crude hit over $107 per barrel, up 1% today, as the violence and rhetoric in Libya increased. Libyan leader Muammar Qaddafi vowed to fight a
Read moreLondon pre-open: Libya preoccupation persists
23rd Feb 2011 07:39
London still has Libya on its mind and is set to open lower with City traders suggesting a 25 point fall in the Footsie could be seen when the market opens. Consumer packaging giant Rexam grew underlying profit by a bigger than expected 45% in 2010 and expects further progress this year. Profit bef
Read moreGalliford Try hikes divi as growth plans progress
23rd Feb 2011 07:03
Housebuilder Galliford Try has been encouraged by sales in the first few weeks of 2011. The company declared a 29% improvement in underlying pre-tax profit to £17.0m for the six months to 31 December 2010, from £13.2m the year before (2009: £6.4m after exceptional charges). Group revenue edged up
Read moreWednesday preview: BoE minutes, Logica, Rexam
22nd Feb 2011 16:37
With each month that passes the release of the minutes of the meeting of the Monetary Policy Committee (MPC) become more eagerly anticipated, as the consensus view of the rate-setting committee starts to fragment. The Bank of England's quarterly inflation report last Wednesday conceded that the ce
Read moreBroker snap: Housing market difficult, but stable in 2011
8th Feb 2011 13:04
With a recent housing market survey showing a sluggish start to the year, Panmure Gordon's opinion is that the outlook for UK residential housebuilders remains difficult, but broadly stable, and highlights two key recommendations in the sector. The Royal Institution of Chartered Surveyors (RICS) re
Read moreBroker tips: Thomas Cook, Burberry, housebuilders
8th Feb 2011 13:01
The political unrest in Egypt and Tunisia has not prompted Nomura to change its positive stance on travel firm Thomas Cook as summer bookings remain encouraging. Thomas Cook warned Tuesday that recent turmoil will knock £20m from its profits this quarter. "Looking ahead, the situation is fast movin
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