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Galliford doubles its dividend
Housebuilder Galliford Try doubled its interim dividend yesterday as its pre-tax profit soared 89 per cent to £32.3m in the first half of the year, adding to signs of stabilisation in the housing market in the face of severe economic uncertainties. Galliford also announced that its finance director Frank Nelson will be retiring at the end of September and that it was searching for a replacement.