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Galliford Try PLC Add to portfolio

LON250:GFRD, Feb 22, 10:38 UTC

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Friday, February 14


News

FTSE 250 movers: Galliford Try at five-year high, Dunelm facing no resistance

GFRD DNLM

Oil & Gas Evening / New speaker, Edison Oil Analyst Elaine Reynolds plus #TRP & Hardman CEO Book Tickets Now. FTSE 250 movers: Galliford Try at five-year high, Dunelm facing no resistance. (Sharecast News) - London's FTSE 250 was up 0.54% at 21,790.08 in afternoon trade on Friday.Housebuilding and regeneration specialist Galliford Try was at the top of the leaderboard at the end of the week, with its shares trading at a roughly five-year high and pacing a move higher by its entire sector, likely in increasing anticipation of a possibly bountiful budget announcement on 11 March.Dunelm's shares were extending their push into record territory with traders referencing a target price hike out of UBS for the home furnishings retailer from 1,070p to 1,110p the day before as the reason behind the move.On the flip-side, stock in CFD broker Plus 500 was near the bottom of the pile after analysts at Berenberg trimmed their target price from 810.0p to 790.0p, highlighting the potential hurdles for the group to consistently expand its customer base and the impact that market volatility can have on its bottom line.There was also its unhedged market exposure to take into account, the same analysts said.Market MoversFTSE 250 (MCX) 21,786.29 0.52%FTSE 250 - RisersGalliford Try (GFRD) 190.22p 9.10%Dunelm Group (DNLM) 1,402.00p 8.01%Grainger (GRI) 329.60p 4.63%Balfour Beatty (BBY) 294.20p 4.18%Savills (SVS) 1,255.00p 3.72%Safestore Holdings (SAFE) 853.00p 3.65%Future (FUTR) 1,292.00p 3.36%Go-Ahead Group (GOG) 2,202.00p 3.19%St. Modwen Properties (SMP) 527.00p 3.13%Derwent London (DLN) 4,268.00p 2.69%FTSE 250 - FallersFinablr (FIN) 78.80p -5.35%Plus500 Ltd (DI) (PLUS) 864.80p -4.76%Aston Martin Lagonda Global Holdings (AML) 425.00p -3.45%Hunting (HTG) 306.40p -3.34%Bakkavor Group (BAKK) 134.00p -3.32%GVC Holdings (GVC) 838.20p -3.25%Games Workshop Group (GAW) 6,900.00p -3.16%Babcock International Group (BAB) 500.40p -2.65%TI Fluid Systems (TIFS) 234.50p -2.49%Ferrexpo (FXPO) 145.10p -2.32%.

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Thursday, January 09


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Builder Galliford Try shifts focus after offloading housing division

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Galliford Try has more than £3 billion in contracts lined up as it tries to construct a life after house-building in the new decade. The FTSE 250 company said it will be able to shift its focus after selling its housing arm to Bovis Homes, which has since been renamed Vistry Group, late last year. We’re delighted to announce our first Trading Update as a standalone construction company, entering the new year with a high-quality order book of £3.2bn and significant contract wins https://t.co/IUseDlFrUypic.twitter.com/TwDhnu9LDv. David Madden, an analyst at CMC Markets, said: “Galliford Try confirmed that it has won a number of contracts so the new year has got off to a strong start.

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Monday, January 06


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Galliford Try completes £1.1bn sale of housebuilding businesses - Scottish Construction Now

GFRD

Bovis Homes has completed the acquisition of Galliford Try’s housebuilding arm, creating one of the UK’s top five home building groups. The sale of Linden Homes and Galliford Try Partnerships was achieved in a transaction valued at approximately £1.1 billion, including shares, debt transfer and a £300 million cash payment. The deal creates a group which is able to deliver more than 12,000 homes a year, and leaves Galliford Try as a standalone construction business, concentrating on its main markets in building, highways and environment. Bill Hocking, formerly chief executive of Galliford Try’s Construction and Investments business, has been appointed chief executive of Galliford Try Holdings plc, a newly-listed entity replacing the previous Galliford Try plc on the London Stock Exchange.

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Friday, January 03


News

Galliford Try completes sale of housebuilding businesses

BVS LSE +1 more BVS LSE GFRD

Galliford Try has completed the disposal of its housebuilding businesses to Bovis Homes PLC. The sale of Linden Homes and Galliford Try Partnerships has been achieved in a transaction valued at approximately £1.1bn, including shares, debt transfer and a £300m cash payment. Bill Hocking has been appointed as chief executive at Galliford Try Holdings PLC, a newly listed entity replacing the previous Galliford Try PLC on the London Stock Exchange. Councillors appointed to the Northern Ireland Housing Executive boardSecretary of state for Northern Ireland Julian Smith MP has appointed several councillors to the Northern Ireland Housing Executive (NIHE) board... Galliford Try completes sale of housebuilding businessesGalliford Try has completed the disposal of its housebuilding businesses to Bovis Homes PLC... ‘Price growth in 2020 is likely to be more robust than in recent years’House prices increased by 1.4% in 2019, according to the latest research... Area around Gatwick airport identified as most affordable London commuter townThe area surrounding Gatwick airport has been named as 2020’s most affordable London commuter town, according to the latest research... Madison sells Five Acre Square to Northwood InvestorsPrivate equity firm Madison International Realty has sold a 224,000 sq ft property in the City of London to real estate investment firm Northwood Investors... Close Brothers Asset Finance appoints three construction sales specialistsClose Brothers Asset Finance has appointed Steve Smith (pictured above), Michael Ward and Nigel Clayton as construction sales specialists... Barberry Group secures planning for £8m warehouse developmentCommercial property investor and developer Barberry Group has received detailed planning permission for an £8m warehouse scheme in Staffordshire...

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Bovis Homes completes £1.1bn Galliford Try acquisition

BVS GFRD

The agreement to buy Linden Homes, as well as Galliford Try’s own partnerships and regeneration business will create a top five housebuilder with the ability to provide 12,000 homes a year. Read more: Bovis Homes agrees £1.1bn deal for Galliford Try housing business. As part of the integration, Bovis also announced that it had applied to change its name to Vistry Group. The group also announced that Graham Prothero, Galliford Try’s chief executive, would become the chief operating officer of the new entity. Bovis Homes chief executive Greg Fitzgerald said that the move gives the firm a leading position in the high-growth, more resilient partnerships market:.

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Galliford Try confirms new chief executive as disposal of housebuilding businesses to Bovis Homes completes

GFRD

Galliford Try confirms new chief executive as disposal of housebuilding businesses to Bovis Homes completes. StockMarketWire.com - The board of Galliford Try has announced the completion of the disposal of its Linden Homes and Partnerships & Regeneration divisions, as part of a group restructuring. As previously announced on 7 November 2019, Graham Prothero has stepped down as chief executive and leaves the business following the disposal of the group's housebuilding businesses to Bovis Homes. Galliford Try chairman Peter Ventress said: 'The completion of the corporate transaction transforms Galliford Try into a well-capitalised, standalone construction-focused group. Ventress added: 'Bill was appointed to the executive board as managing director of construction on 1 September 2015 and has led the Construction & Investments Division, of Galliford Try Plc, as chief executive since 1 August 2016.'.

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Bovis Homes completes £1.1bn Galliford Try housing deal

BVS GFRD

Bovis Homes has announced plans to rename itself as Vistry Group after completing the £1.1 billion acquisition of Galliford Try’s housebuilding business. Bovis said it has now completed the deal to buy Linden Homes, after first agreeing the deal in November 2019. The tie-up will see Galliford Try shareholders take a 29.3% shareholding in the Bovis Homes group. Greg Fitzgerald, chief executive of Bovis Homes, said: “The combination of these businesses with Bovis Homes creates a top five housebuilder in the UK with the capacity to deliver over 12,000 homes per year in the medium term.

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Galliford Try and Bovis complete £1.1bn deal

BVS GFRD

The deal sees Galliford Try offload its Linden Homes business and its partnerships division to Bovis in return for a £675m stake in the enlarged housebuilder, along with £300m in cash and a £100m debt swap. Galliford Try shareholders will have a 29.3% shareholding in the bigger Bovis. The companies said the tie-up would create a top-five housebuilder capable of delivering 12,000 homes a year. In the financial year to 30 June 2019 Galliford Try’s Linden Homes business completed 3,229 homes, 2,227 of which were private housing and 1,002 were affordable, with an average selling price of £284,000.

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Monday, December 23


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Galliford Try, Balfour Beatty near settlement for delayed Aberdeen road project

GFRD BBY

Galliford Try, Balfour Beatty near settlement for delayed Aberdeen road project. Construction companies Galliford Try and Balfour Beatty said they were in final negotiations regarding a settlement over the delayed Aberdeen Western Peripheral Route road project in Scotland. Balfour Beatty, meanwhile, said it may also receive a £32m payment related to a settlement, but with 'no material change to the group's balance sheet position'. Galliford Try said its total write-offs for the year through December were expected to be about £61m when adding an adverse adjudication award on an unrelated historical contract.

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Balfour and Galliford reach £64m Aberdeen bypass settlement

GFRD BBY

Balfour Beatty and Galliford Try have agreed to settle a long running claim over construction of the Aberdeen Western Peripheral Route. Balfour and Galliford confirmed today they has agreed a settlement with Transport Scotland which will seem them both receive £32m to cover additional costs on the job. “The settlement also removes a significant distraction and uncertainty, allowing the Construction business to focus on its core business, current and new projects which are expected to deliver improving margins, operating on multiple secured frameworks and in our chosen sectors.”. The statement added: “Taken together with an adverse adjudication award on an unrelated historical contract in the period, the Group will report an exceptional write-off of circa £61m at 31 December 2019.

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