Galliford 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 French oil giant Total.Meanwhile, down south in London, the company has been awarded a £23m contract to build Henry Moore Court, a residential development, by developers Athos (Manresa Road) Ltd, a joint venture between the Athos Group and the Carlyle Group.The development is being built on the site of the former Chelsea College of Art on Manresa Road.At 4:12pm (27/6/11), the share price of Galliford Try was down 10.5p at 485.5p. --jh