Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGalliford Try Share News (GFRD)

Share Price Information for Galliford Try (GFRD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 236.00
Bid: 233.00
Ask: 236.00
Change: 5.00 (2.16%)
Spread: 3.00 (1.288%)
Open: 236.00
High: 236.00
Low: 231.00
Prev. Close: 231.00
GFRD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET MIDDAY: Stocks firmly in red as UK GDP stagnates

Fri, 10th Nov 2023 11:53

(Alliance News) - Stock prices in London fell strongly at midday on Friday, as the UK economy registered no growth in the third quarter, although faring better than expectations of a contraction.

The FTSE 100 index was down 102.37 points, 1.4%, at 7,353.30. The FTSE 250, widely considered to be the "domestic barometer" in the UK, was down 285.47 points, 1.6%, at 17,752.38, and the AIM All-Share was down 3.89 points, 0.6%, at 700.37.

The Cboe UK 100 was down 1.4% at 733.96, the Cboe UK 250 was down 1.7% at 15,376.08, and the Cboe Small Companies was marginally down at 12,830.08.

In European equities, the CAC 40 in Paris was down 1.1%, while the DAX 40 in Frankfurt was down 0.8%.

The UK economy fared better than expected in the third quarter, avoiding a contraction, but made no progress either, according to figures from the Office for National Statistics.

In the third quarter, the ONS estimates that UK gross domestic product registered no growth on a quarterly basis and was flat on the second quarter. The estimate was better than the FXStreet-cited market consensus of a 0.1% contraction. In the second quarter, GDP grew 0.2% from the first quarter.

Services sector output fell 0.1% over the third quarter, which entirely offset a 0.1% increase in construction output. Production sector output was broadly flat, the ONS explained.

"This was still the worst quarterly performance of the UK economy in a year," said interactive investor analyst Victoria Scholar.

"While the latest quarterly UK GDP figures came in slightly better than expected, it was a lacklustre performance highlighting the sluggish macro picture. As elevated inflation and higher interest rates take their toll, there's a growing risk of a shallow recession in the UK next year as the lagged impact of prior interest rate hikes begin to make their way through the economy.

"Bringing down inflation remains the government and the Bank of England's key priority, even as it comes at the expense of economic growth."

The UK's total trade in goods and services deficit narrowed in the third quarter, according to ONS figures.

The total trade in goods and services deficit for the third quarter narrowed to GBP6.0 billion compared to GBP13.1 billion in the second quarter.

The goods trade deficit narrowed by GBP7.0 billion to GBP44.2 billion in the third quarter, as goods imports fell at a faster pace than exports. The third-quarter services surplus widened by GBP100 million to GBP38.3 billion, as exports increased at a slightly faster pace than imports.

Investors in London were also taking their cues from the downbeat mood elsewhere following hawkish rhetoric from the US central bank chief.

The Fed is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term 2% target, Fed Chair Jerome Powell said. "We know that ongoing progress toward our two percent goal is not assured: Inflation has given us a few head fakes," Powell told a conference in Washington.

"If it becomes appropriate to tighten policy further, we will not hesitate to do so," he added, in remarks that were briefly disrupted by climate protesters.

Powell's comments come just over a week after the US central bank voted to hold interest rates steady at a 22-year high for a second consecutive meeting, fuelling expectations that it was done with rate hikes.

"As pushbacks go this was more of a mild shove than a body slam, but it was enough to temper some of the recent exuberance among investors," said AJ Bell analyst Russ Mould.

Stocks in New York were called largely muted. The Dow Jones Industrial Average was called up 0.1%, the S&P 500 index marginally down, and the Nasdaq Composite down 0.2%.

Sterling was quoted at USD1.2204 at midday on Friday, dropping from USD1.2275 at the London equities close on Thursday. The euro traded at USD1.0676, lower than USD1.0709. Against the yen, the dollar was quoted at JPY151.46, up versus JPY151.00.

In the FTSE 100, Diageo led losses, plunging 14%.

The alcoholic beverage company known for Baileys and Smirnoff downgraded its outlook for the year ending June 30, 2024, amid a weak performance outlook in the Latin America & Caribbean market.

It had been expecting to see a gradual improvement in organic net sales growth over its first half.

However, while momentum continues in four of its five regions, Diageo warned that growth in the first half of financial 2024 will be slower than the second half of financial 2023. Sales in the LAC market are nearly 11% of its net sales value, and are expected to fall by 20% year-on-year on an organic basis over the first half.

Oil majors Shell and BP were among the few winners on the FTSE 100, rising 1.3% and 1.0% respectively. This tracked Brent oil trading higher at USD80.75 a barrel on Friday midday from USD80.69 on Thursday.

In the FTSE 250, Redrow lost 5.4%.

Ahead of its annual general meeting, the housebuilder warned that the housing market has remained "subdued" in August. It said net private reservation values dropped 25% year-on-year to GBP384 million.

Redrow now guides for annual profit before tax to be at the lower end of its GBP180 million to GBP200 million range, with revenue also to come in at the lower end of the GBP1.65 to GBP1.7 billion range.

It expects the annual average number of outlets to be around 113, which is behind its September guidance of 117.

"We know the housing market is in a bad place so Redrow's disappointing trading update can be seen in that context," said AJ Bell's Mould.

"Despite a slowly improving picture on borrowing costs, mortgages are still expensive and there are other pressures on people’s spending power, and all of this is having an impact on demand."

Wizz Air fell a further 5.2%, after its share shed 10% in trading on Thursday, as the budget airline downgraded its bottom line guidance due to difficult operating conditions.

Among London's small-caps, Galliford Try rose 0.6%.

The construction firm said it has "increased confidence" in its annual outlook ahead of its annual general meeting on Friday. It said operations were performing well, with trading coming in line with its revised expectations.

In late September, Galliford Try shared an improved outlook, noting a "high quality" GBP3.7 billion order book compared to GBP3.4 billion a year earlier. It had said it expects pretax profit for its financial 2024 to be at the upper end of the range of analyst estimates at the time.

Gold was quoted at USD1,948.49 an ounce at midday on Friday, lower than USD1,961.11 on Thursday.

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
6 Mar 2023 08:51

Galliford Try secures spot on Southern Water framework

(Sharecast News) - Construction group Galliford Try said on Monday that its environment business has secured a place on Southern Water's new AMP8 framework for medium non-infrastructure works.

Read more
1 Mar 2023 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 2 March 
Alfa Financial Software Holdings PLCFull Year Results
Apax Global Alpha LtdFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Cairn Homes PLCFull Year Results
Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Grafton Group PLCFull Year Results
Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
National Express Group PLCFull Year Results
Pantheon Infrastructure PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder AsiaPacific Fund PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Vesuvius PLCFull Year Results
Friday 3 March 
Avation PLCHalf Year Results
Faron Pharmaceuticals LtdFull Year Results
IMI PLCFull Year Results
Pacific Horizon Investment Trust PLCHalf Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 6 March 
Amte Power PLCHalf Year Results
BATM Advanced Communications LtdFull Year Results
Craneware PLCHalf Year Results
Murray International Trust PLCFull Year Results (TBC)
Seeing Machines LtdHalf Year Results
Tuesday 7 March 
Ashtead Group PLCQ3 Results
Bank of Ireland Group PLCFull Year Results
Dotdigital Group PLCHalf Year Results
Elementis PLCFull Year Results
Ferguson PLC Half Year Results
Foxtons Group PLCFull Year Results
Fresnillo PLCFull Year Results
Greggs PLCFull Year Results
IWG PLCFull Year Results
Johnson Service Group PLCFull Year Results
Just Group PLCFull Year Results
Keller Group PLCFull Year Results
Origin Enterprises PLCHalf Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
STV Group PLCFull Year Results
Tremor International LtdFull Year Results
Wednesday 8 March 
Admiral Group PLCFull Year Results
Bakkavor Group PLCFull Year Results
Breedon Group PLCFull Year Results
CLS Holdings PLCFull Year Results
Darktrace PLCHalf Year Results
Galliford Try Holdings PLCHalf Year Results
Headlam Group PLCFull Year Results
Hill & Smith PLCFull Year Results
Hiscox LtdFull Year Results
Ibstock PLCFull Year Results
IP Group PLCFull Year Results
Legal & General Group PLCFull Year Results
musicMagpie PLCFull Year Results
Netcall PLCHalf Year Results
Quilter PLCFull Year Results
Restaurant Group PLCFull Year Results
SIG PLCFull Year Results
Somero Enterprises IncFull Year Results
Spirent Communications PLCFull Year Results
TClarke PLCFull Year Results
TT Electronics PLCFull Year Results
Tullow Oil PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
18 Jan 2023 13:58

IN BRIEF: Galliford Try confident for year on order book, acquisitions

Galliford Try Holdings PLC - Uxbridge, England-based construction company - Trading in the first half of its financial year, the six months that ended December 31, was in line with board expectations. Order book stands at GBP3.5 billion, giving good forward visibility, it says.

Read more
18 Jan 2023 09:36

Construction group Galliford Try trading in line

(Sharecast News) - Construction company Galliford Try said on Wednesday that it was performing well and in line with the board's expectations.

Read more
11 Jan 2023 15:45

UK earnings, trading statements calendar - next 7 days

Thursday 12 January 
ASOS PLCTrading Statement
Big Yellow Group PLCQ3 Results
Dechra Pharmaceuticals PLCTrading Statement
Foresight Group Holdings LtdTrading Statement
Gym Group PLCTrading Statement
Halfords Group PLCTrading Statement
Hilton Food Group PLCTrading Statement
John Wood Group PLCTrading Statement
Pharos Energy PLCTrading Statement
Persimmon PLCTrading Statement
Marks & Spencer Group PLCTrading Statement
Mitchells & Butlers PLCTrading Statement
N Brown Group PLCTrading Statement
Tesco PLCTrading Statement
Whitbread PLCTrading Statement
XP Power LtdTrading Statement
Friday 13 January 
DFS Furniture PLCTrading Statement
MJ Gleeson PLCTrading Statement
Taylor Wimpey PLCTrading Statement
Monday 16 January 
Ashmore Group PLCTrading Statement
Hercules Site Services PLCFull Year Results
Knights Group Holdings PLCHalf Year Results
Rio Tinto PLCTrading Statement
Tuesday 17 January 
Alliance Pharma PLCTrading Statement
Card Factory PLCTrading Statement
Crest Nicholson Holdings PLCFull Year Results
Experian PLCTrading Statement
Genel Energy PLCTrading Statement
Hays PLCTrading Statement
Henry Boot PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
Ocado Group PLCTrading Statement
Petra Diamonds LtdTrading Statement
Ramsdens Holdings PLCFull Year Results
Safestore Holdings PLCFull Year Results
THG PLCTrading Statement
Wise PLCTrading Statement
Wednesday 18 January 
Associated British Foods PLCTrading Statement
Burberry Group PLCQ3 Results
Currys PLCTrading Statement
Diploma PLCTrading Statement
Galliford Try Holdings PLCTrading Statement
Gateley Holdings PLCTrading Statement
Ibstock PLCTrading Statement
Kenmare Resources PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Midwich Group PLCTrading Statement
Pearson PLCTrading Statement
Rathbones Group PLCTrading Statement
Vistry Group PLCTrading Statement
QinetiQ Group PLC
Trading Statement
WH Smith PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
5 Jan 2023 10:40

IN BRIEF: Galliford Try gets contract to build custodial facility

Galliford Try Holdings PLC - Uxbridge, England-based construction company - Says its Building business has been appointed to a GBP95 million contract to deliver a new custodial facility at HMP Rye Hill. Says the facility is a prison managed by Onley Prison Services Ltd and operated by G4S Care & Justice Services Ltd, on behalf of the Ministry of Justice.

Read more
5 Jan 2023 09:31

Galliford Try secures £95m prison contract

(Sharecast News) - Construction group Galliford Try said on Thursday that its building business has been appointed to a £95m contract to deliver a new custodial facility at HMP Rye Hill.

Read more
2 Dec 2022 15:49

UK dividends calendar - next 7 days

Monday 5 December 
Dunelm Group PLCdividend payment date
Renishaw PLCdividend payment date
Big Yellow Group PLCex-dividend payment date
Balfour Beatty PLCdividend payment date
CMC Markets PLCdividend payment date
Tuesday 6 December 
Schroder BSC Social Impact Trust PLCdividend payment date
Wednesday 7 December 
Coca-Cola Europacific Partners PLCdividend payment date
Fidelity Asian Values PLCdividend payment date
Thursday 8 December 
abrdn Equity Income Trust PLCex-dividend payment date
Assura PLCex-dividend payment date
British & American Investment Trust PLCex-dividend payment date
Caffyns PLCex-dividend payment date
CT Property Trust Ltdex-dividend payment date
CT UK Capital & Income Investment Trust PLCex-dividend payment date
D4T4 Solutions PLCex-dividend payment date
Energean PLCex-dividend payment date
Ferguson PLCdividend payment date
Henderson High Income Trust PLCex-dividend payment date
Intermediate Capital Group PLCex-dividend payment date
Investec PLC and Ltdex-dividend payment date
JD Sports Fashion PLCex-dividend payment date
JLEN Environmental Assets Group Ltdex-dividend payment date
Johnson Matthey PLCex-dividend payment date
Liontrust Asset Management PLCex-dividend payment date
London Finance & Investment Group PLCex-dividend payment date
Record PLCex-dividend payment date
Residential Secure Income PLCex-dividend payment date
SDCL Energy Efficiency Income Trust PLCex-dividend payment date
Shaftesbury PLCex-dividend payment date
Sirius Real Estate Ltdex-dividend payment date
Speedy Hire PLCex-dividend payment date
Temple Bar Investment Trust PLCex-dividend payment date
Town Centre Securities PLCex-dividend payment date
VP PLCex-dividend payment date
VPC Specialty Lending Investments PLCex-dividend payment date
Friday 9 December 
Airtel Africa PLCdividend payment date
Aquila Energy Efficiency Trust PLCdividend payment date
Ashmore Group PLCdividend payment date
Aveva Group PLCdividend payment date
BlackRock Smaller Companies Trust PLCdividend payment date
Civitas Social Housing PLCdividend payment date
DCC PLCdividend payment date
Galliford Try Holdings PLCdividend payment date
GCP Asset Backed Income Fund Ltddividend payment date
Genus PLCdividend payment date
Impellam Group PLCspecial dividend payment date
International Game Technology PLCex-dividend payment date
Invesco Perpetual UK Smaller Companies Investment Trust PLCdividend payment date
Schroder Japan Growth Fund PLCdividend payment date
Schroder Real Estate Investment Trust Ltddividend payment date
SCS Group PLCdividend payment date
Unilever PLCdividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved. 

Read more
14 Nov 2022 19:52

TRADING UPDATES: Aeorema reinstates payout; Resolute upsizes fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Friday not separately reported by Alliance News:

Read more
11 Nov 2022 07:49

Galliford Try says trading in line with expectations

(Sharecast News) - Construction group Galliford Try said it is trading in line with expectations, against a backdrop of unsettled economic conditions.

Read more
10 Nov 2022 21:59

DIRECTOR DEALINGS: Oakley Capital directors buy 300,000 shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

Read more
4 Nov 2022 15:42

UK shareholder meetings calendar - next 7 days

Monday 7 November 
B90 Holdings PLCEGM director removal vote
Future Metals NLAGM
Tuesday 8 November 
DG Innovate PLCAGM
Frontier Developments PLCAGM
Wednesday 9 November 
Baker Steel Resources Trust LtdEGM
Essentra PLCAGM
Fundsmith Emerging Equities Trust PLCGM suspension and cancellation of listings
JPMorgan Emerging Markets Investment Trust PLCAGM
Hays PLCAGM
Mid Wynd International Investment Trust PLCAGM
Powerhouse Energy Group PLCAGM
Thursday 10 November 
ACP Energy PLCAGM
Alternative Income REIT PLCAGM
BHP Group LtdAGM
Ferro-Alloy Resources LtdAGM
London Finance & Investment Group PLCAGM
UIL LtdAGM
Friday 11 November 
88 Energy LtdGM proposed resolutions vote
Galliford Try Holdings PLCAGM
Ingenta PLCGM capital allocation
Redrow PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
3 Nov 2022 15:44

UK dividends calendar - next 7 days

Friday 4 November 
Alumasc Group PLCdividend payment date
Andrews Sykes Group PLCdividend payment date
Andrews Sykes Group PLCspecial dividend date
Barratt Developments PLCdividend payment date
Bodycote PLCdividend payment date
Brooks Macdonald Group PLCdividend payment date
City of London Investment Group PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
Finsbury Growth & Income Trust PLCdividend payment date
ICG-Longbow Senior Secured UK Property Debt Investments Ltddividend payment date
Johnson Service Group PLCdividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
M P Evans Group PLCdividend payment date
Medica Group PLCdividend payment date
Mid Wynd International Investment Trust PLCdividend payment date
Mortgage Advice Bureau (Holdings) PLCdividend payment date
Pentair PLCdividend payment date
Schroder Income Growth Fund PLCdividend payment date
TP ICAP Group PLCdividend payment date
Twentyfour Income Fund Ltddividend payment date
Weir Group PLCdividend payment date
Wickes Group PLCdividend payment date
Monday 7 November 
no events scheduled 
Tuesday 8 November 
no events scheduled 
Wednesday 9 November 
BlackRock Latin American Investment Trust PLCdividend payment date
Thursday 10 November 
abrdn Property Income Trust Ltdex-dividend payment date
Alternative Income REIT PLCex-dividend payment date
Asia Dragon Trust PLCex-dividend payment date
Baillie Gifford Japan Trust PLCex-dividend payment date
BlackRock Smaller Companies Trust PLCex-dividend payment date
BP PLCex-dividend payment date
British American Tobacco PLCdividend payment date
ContourGlobal PLCex-dividend payment date
Dunelm Group PLCex-dividend payment date
Ecofin US Renewables Infrastructure Trust PLCex-dividend payment date
Empiric Student Property PLCex-dividend payment date
Galliford Try Holdings PLCex-dividend payment date
GCP Asset Backed Income Fund Ltdex-dividend payment date
Greencoat Renewables PLCex-dividend payment date
Greencoat UK Wind PLCex-dividend payment date
Invesco Bond Income Plus Ltddividend payment date
Invesco Perpetual UK Smaller Companies Investment Trust PLCex-dividend payment date
Merchants Trust PLCdividend payment date
Octopus Renewables Infrastructure Trust PLCex-dividend payment date
PRS REIT PLCex-dividend payment date
J Sainsbury PLCex-dividend payment date
Schroder Oriental Income Fund Ltdex-dividend payment date
Softcat PLCex-dividend payment date
Target Healthcare REIT PLCex-dividend payment date
Whitbread PLCex-dividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved. 

Read more
26 Oct 2022 11:32

IN BRIEF: Galliford Try wins GBP65 million contract for Blyth facility

Galliford Try Holdings PLC - Uxbridge, England-based construction company - Says Building division awarded new GBP65 million contract to construct an industrial facility in Blyth, Northumberland. Contract awarded by JDR Cable Systems, part of TFK Group. Facility is a 69,000 square metre factory created to produce undersea cabling connecting off-shore electricity production to mainland network.

Read more
26 Oct 2022 09:09

Galliford Try wins £65m contract with TFK Group

(Sharecast News) - Construction firm Galliford Try has been awarded a new £65.0m contract to build an industrial facility in Blyth, Northumberland.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.