Galliford Try on the up heading into H2

FTSE 250 construction firm Galliford Try (LON:GFRD) saw its share price climb by 6.33% to 153.20p (as of 14:25 GMT) as it said it entered the second half of its year with a strong order book and several recent contract wins. Management also said that the disposal of Linden Homes meant that it was well capitalised going forward.

CEO Bill Hocking commented: “The successful completion of the disposal of the housing and partnerships divisions means Galliford Try is now a well-capitalised and focused UK construction group. Our robust financial position combined with market leading positions in our chosen sectors means that we are strongly positioned for future disciplined growth. I am very excited about the future opportunities for Galliford Try. There is good momentum in the business, reflected by a number of significant wins through the first half of the year and the strength of the high-quality order book“.