Galliford Try PLC's finals under scrutiny after disposal talks revived
Other numbers in the diary include Futura Medical, Advanced Medical Solutions, Anpario and S4 Capital
Company
LON:GFRD
Galliford Try is one of the UK's leading construction groups, working to improve the UK’s built environment and delivering lasting change for the communities it works in. The company's purpose is to improve people’s lives through building the facilities and infrastructure that communities need.
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Other numbers in the diary include Futura Medical, Advanced Medical Solutions, Anpario and S4 Capital
Galliford said the restructuring of its construction business is complete and its current order book is valued at £2.9bn
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In Europe, the German DAX is around 90 points lower at 12,341, while the French CAC 40 is down around 42
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The latest price inflation data, if it once again hits the Bank of England's 2% like last month, could cause some concerns at Threadneedle Street
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It looks set to be a busy week of corporate announcements and UK economic data
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Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
Oil major guides to total dividends and share buy-backs of US$125bn “or more” between 2021 and 2025
"With many years of relevant commercial and board experience, I am confident that he will successfully lead Bunzl," said Philip Rogerson, who is due to vacate the chair of Bunzl in April 2020.
Builders and building materials
Galliford said the proposal “does not fully value the Linden Homes and Partnerships & Regeneration divisions and is not in the interests of all shareholders”
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The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
Investments and investor services
A look at the day's major movers, including Topps Tiles, Mortgage Advice, Shoe Zone, Knight's Group, UDG, GYG and Galliford Try.
Builders and building materials
The housebuilding and regeneration group said restructuring its construction arm will accelerate margin improvement
Investments and investor services
The UK's premier shares index closed up around ten points at 7,320
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The Day Ahead will bring trading updates from the likes of stores groups Halfords, Topps Tiles, and WH Smith
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The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers
Builders and building materials
Of Peel Hunt’s 117 house stocks, only ten of them are down as a ‘hold’, and Galliford Try is now one of those
The housebuilder is writing down the value of some of its big construction contracts, including the Queensferry Crossing, which has run well over budget
Builders and building materials
It plans to build homes in Redcar, Cheshire, Staffordshire and Dorset.
The managerial merry-go-round does another circuit. Expect a bit of comment in the press about directors' remuneration.
Builders and building materials
Almost every data point is pointing to a slowing UK housing market, but that hasn’t affected Galliford Try, which is benefitting from margin improvements