Galliford 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
Read moreSmall caps round-up: Galliford Try, Colliers, Orusur
13th Jan 2011 10:09
Galliford Try's housing completions rose by 28% to 851 units; 779 net of joint venture partners' share (2009: 663 and 638) in the half year to December. Housing reservations are up by 11% to £359m. Construction saw order books maintained at £1.75bn. "While remaining cautious in the short term, the
Read moreGalliford Try nails £30m of new business
12th Jan 2011 08:54
Housebuilder Galliford Try has won £29.9m of work on three regeneration projects across all its regions. It will build 137 homes and a commercial unit in Camborne, Cornwall for the Homes and Communities Agency. Work on the £18.4m contract will start in July and finish at the end of 2013. Another 7
Read moreSmall caps round-up: Galliford Try, Mobile Tornado, RCG...
6th Jan 2011 10:47
Housebuilding and construction group Galliford Try has been chosen as the preferred bidder for the Orkney Islands Council's £57 million schools investment programme. Under the scheme Galliford Try Facilities Management will provide a range of services for 10 years including building and grounds main
Read moreGalliford Try wins £59m of new business
2nd Dec 2010 08:52
Galliford Try has bagged £59m of new infrastructure business. The housebuilding and construction group said the largest of three contracts it has recently won is a £30m deal from Scottish Water for the Meadowhead and Stevenston work package 6, which will be carried out by Galliford Try's Scottish b
Read moreGalliford Try quietly confident
5th Nov 2010 16:35
Housebuilding and construction group Galliford Try is remaining cautious about the economic outlook over the short term, despite solid trading in the second half of 2010. On the housebuilding side, the group saw a 14% growth in total secured sales at £312m, up from £274m in the corresponding period
Read moreSmall caps round-up: Communisis, Forte Energy, Paragon Diamonds ...
1st Nov 2010 11:06
Printing and mail specialist Communisis is confident of meeting full-year expectations as trading in the third quarter matched forecasts and there's good visibility through the fourth quarter "We continue to see a good level of new business opportunities emerging across the company," the group said
Read moreSegro chief quits to chair Galliford Try
15th Oct 2010 07:51
Segro's chief executive Ian Coull is leaving the real estate giant after almost eight years to become chairman of housebuilder Galliford Try. Coull, who's said he'll step down once a replacement is found, will join the Galliford board as a non-executive director on 8 November and take the chairman'
Read moreGalliford Try housebuilding expansion plans on track
15th Sep 2010 07:18
Housebuilding and construction group Galliford Try reported a rise in full year profit and fall in revenue as housing sales and prices showed an element of recovery. Pre-tax pre exceptional profit rose to £26.1m for the year ended 31 June from £24.5m the year before. Group revenue fell to £1.2bn f
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 10:38
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0938 GMT [Dow Jones] Royal Bank of Scotland downgrades Barratt Developments (BDEV.LN) to hold from buy and cuts target price
Read moreMARKET TALK: RBS Reviews UK Housebuilders
28th Jul 2010 10:38
0938 GMT [Dow Jones] Royal Bank of Scotland downgrades Barratt Developments (BDEV.LN) to hold from buy and cuts target price to 110p from 162p. Says while higher land investment intensity will be validated if trading stability holds, it adds an extra layer of volatility in the event of macro weaknes
Read moreFriday tips round-up: Hays, Man, FirstGroup
9th Jul 2010 06:55
It was a better update from recruiter Hays than might have been expected given the continuing economic uncertainty here and in Europe. Happily for investors, the recruiter's reach extends well beyond these shores to places where the economic climate is altogether sunnier. The prospective yield is
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