Galliford Try wins place on £600m Thames Water programme October 14, 2020 Construction firm Galliford Try has won a place on two new lots on Thames Water’s new infrastructure improvement framework. The company’s environment business will work on the two projects, which could bring in as much as £240m over the next four years. The total pipeline of the project is valued at £590m, with Galliford Try [...]
Housebuilder Vistry to cut jobs after acquisition of Galliford Try’s homes unit May 20, 2020 UK housebuilder Vistry warned it will cut more jobs as it continues to consolidate operations following Bovis Homes’ acquisition of and Galliford Try’s residential business. The firm, which was called Bovis until the merger last year, said a consultation on reducing its employee headcount was ongoing, and it expected the cuts to result in annual [...]
Galliford Try boasts new contract wins after sale of housing arm January 9, 2020 Galliford Try shares soared this morning as the construction group touted a number of contract wins after the £1.1bn sale of its residential business. Chief executive Bill Hocking said the business had “good momentum” and a strong order book. Read more: Galliford Try joins the Winters of discontent Galliford, which completed the sale of its [...]
Galliford Try sees profits sink amid Bovis Homes sale talks September 11, 2019 Galliford Try suffered a 27 per cent slump in profits in its latest financial year, it revealed today, a day after it restarted talks to sell its housebuilding arm to Bovis Homes for £1.1bn. Read more: Galliford Try’s share price rockets as it targets £1.1bn Bovis Homes sale The figures Pre-tax profits crashed 27 per [...]
Galliford Try shares rise as it rebuffs £950m Bovis offer for housebuilding arm May 28, 2019 Home builder Bovis today revealed that talks for a £950m merger deal with Galliford Try’s housing business have collapsed. Read more: Galliford Try rejects takeover bid from rival Bovis Homes Bovs homes said this morning the two firms are "no longer in discussions" after its revised proposal to snap up Galliford Try’s Linden Homes and Partnerships [...]
Galliford Try rejects takeover bid from rival Bovis Homes May 27, 2019 Housebuilder Galliford Try has rejected a takeover bid from rival Bovis Homes, saying the offer undervalued the firm’s business and was not in the interests of shareholders. Read more: Bovis Homes Group in talks with Galliford Try over housebuilding merger Galliford Try confirmed it had received an offer from Bovis for its Linden Homes and [...]
Bovis Homes Group in talks with Galliford Try over housebuilding merger May 25, 2019 Bovis Home Groups has approached Galliford Try in recent weeks in a bid to reopen discussions about a merger, which previously broke down two years ago. Bovis is keen to combine a large proportion of their operations, according to Sky News. Read more: Thames Water chief executive Steve Robertson steps down A deal would be [...]
Galliford Try cuts 350 jobs as turnaround plan pushes shares up May 21, 2019 Galliford Try has announced it will axe 350 of its workers in a bid to make the business more profitable, as the struggling building firm grapples to streamline its operations. Read more: Galliford Try cuts 350 jobs as turnaround plan pushes shares up The firm, which last month warned the plans to scale back its [...]
Galliford Try shares plunge as builders warns construction scale-back will hurt 2019 profits April 16, 2019 Galliford Try’s shares plummeted 19 per cent this morning after it revealed plans to scale back its core construction arm, projecting a subsequent fall in 2019 profit. Read more: Galliford Try tasked with building Ealing Council HQ The FTSE 250 firm said it was reviewing the construction business so as to focus on its “key strengths [...]
Galliford Try boss leaves to revive struggling housebuilder Crest Nicholson March 26, 2019 Housebuilder Crest Nicholson’s shares soared this morning as it announced its chief executive is to be replaced by the boss of rival construction firm Galliford Try. Crest, whose profits fell 15 per cent last year as Brexit uncertainty hurt its core high-end market, parts ways with CEO Patrick Bergin at the firm’s annual general meeting [...]