Galliford Try chief executive to step down after three decades

Posted by Unknown on Tuesday, September 16, 2014


The company has 14,000 plots in its landbank, over 90pc of which were bought at at current market values.


Operating margins from Galliford's construction business, a sector that has endured a much tougher 12 months, remained steady at 1pc.


"With a record landbank in housebuilding, a larger and stronger construction business and a robust balance sheet, the Group is in an excellent position," added Mr Fitzgerald.


Management announced a dividend of 38p a share, payable on November 28. This will take the final pay out to 53 pence per share, a 43pc increase on the previous year.


The buoyant UK property market, encouraged by schemes such as Help to Buy and rising consumer confidence are likely to be long-term positives for the company. New figures from the ONS today showed British house prices had risen by 11.7pc in the year to July, and 19.1pc in London.


Galliford Try's shares fell by 2.5pc in early morning trading





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