FTSE 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
Read moreFriday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreFTSE 250 movers: F&C Asset Management continues to soar
28th Jan 2014 15:25
Shares in F&C Asset Management extended yesterday's strong gains which came after the group confirmed reports it had received an indicative offer from Canadian bank BMO Financial Group of 120p a share in cash. Today the group confirmed it would recommend the £708m deal to shareholders and said it
Read moreGalliford Try wins housing deals worth 55m pounds
28th Jan 2014 07:41
Housebuilder Galliford Try has won 55.2m pounds of deals to build retirement homes. The ExtraCare Charitable Trust has chosen Galliford's partnerships business to build a £32m retirement village in Coventry, comprising 262 flats for sale or rent as well as health and leisure facilities. Central Be
Read moreThursday tips round-up: Robert Walters, Galliford Try
9th Jan 2014 11:08
Recruitment specialist Robert Walters's latest quarterly update was quite intriguing. Fee income in the latest three months was up by nine per cent once currency factors are taken away. That looks encouraging enough. Does that tell us something about the state of the economy? Perhaps not what one wo
Read moreLondon pre-open: FTSE to nudge higher ahead of busy session
8th Jan 2014 07:29
City sources predict the FTSE 100 will open four points above yesterday's close of 6,755.45, taking its lead from both Asian and US markets. An unexpected drop in the US trade deficit spurred Wall Street stocks on Tuesday, sending the S&P 500 into positive territory for the first time in 2014. T
Read moreGalliford Try eyes record half-year profit
8th Jan 2014 07:11
- Anticipates record half-year profit - Strong demand from southern England - Average selling price up 16 per cent Housebuilding and construction firm Galliford Try said it anticipates making a record half-year profit as housing market conditions continue to improve. The group said it was encourag
Read moreGalliford and Mears cheered by Manchester Brunswick deal
18th Dec 2013 14:23
A consortium containing housebuilding and construction group Galliford Try has reached financial close with Manchester City Council for the regeneration of the Brunswick regeneration scheme in the east of the city. The S4B partnership, which contains infrastructure investor Equitix, Galliford and
Read moreWednesday broker round-up UPDATE
11th Dec 2013 08:35
Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44
Read moreGalliford adds further schools construction and FM contract
11th Dec 2013 08:21
Galliford Try has secured a 34m pound schools project in Edinburgh, coming off the back of similar wins elsewhere in Scotland and Kent in England. The FTSE 250 housebuilding and construction group said the construction project was due for completion by summer 2016, with its facilities management (F
Read moreGalliford Try named preferred bidder on Kent social housing project
10th Dec 2013 08:06
Galliford Try has been selected as preferred bidder on a 38m pound contract for construction work on Kent County Council's Excellent Homes for All scheme. The housebuilding and construction group's Partnership business will help build 240 homes if it wins the contract. The 25-year contract, which
Read moreGalliford Try wins 65m pounds of Scottish contracts
27th Nov 2013 07:32
Galliford Try has won construction and facilities management contracts for two secondary schools in Scotland. The FTSE 250 housebuilding and construction group said the appointment by hub South East Scotland as preferred contractor was worth £48m in total, while the facilities management award was
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