Sector movers: CRH leads construction stocks higher
13th Feb 2013 15:54
Construction and materials stocks were in demand on Wednesday on the back of ambitious plans by President Barack Obama to invest in infrastructure in North America. CRH was among the highest risers in the category today, up 5.1% at 1,425p (a 52-week high) after Obama unveiled a new 'Fix it First' p
Read moreGalliford Try selected as preferred bidder on multiple contracts
12th Feb 2013 08:14
Galliford Try, the housebuilding and construction group, has announced its Partnerships business has been selected as the preferred bidder on a number of contracts across the UK. Under the first contract, worth £15.6m, Partnerships will create 80 mixed tenure homes and commercial units for the Aff
Read moreTuesday broker round-up UPDATE
12th Feb 2013 07:24
AMEC: Exane BNP initiates with a target price of 1140p and an underperform rating. Anglo American: Goldman Sachs increases target price from 1500p to 1550p, while keeping a sell recommendation. Barclays: Nomura reiterates reduce. Charles Stanley reiterates hold. Investec reiterates buy, with price
Read moreFTSE 250 movers: Oil and gas group Afren takes the crown
23rd Jan 2013 15:20
Oil and gas company Afren was extending gains after impressing the market on Monday with record results. Its share price spiked higher on the back of an enormous rise in trading volumes. The African-focused group earlier this week reported strong production and financial performance following expl
Read moreWednesday 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
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