Housebuilder sees a turnaround during the second half of the year
As part of the deal Galliford Try chief executive Graham Prothero will become COO at Bovis
Bovis offers £1.075bn for Galliford Try’s Linden Homes and Partnerships & Regeneration businesses.
Housebuilder Bovis has posted a 20% year-on-year rise in pretax profit.
Partnership plans to build more than 3,600 new homes at Stanton Cross in Northamptonshire.
Bovis’ pretax profit for the year hit £168.1m, up from £114m.
Bovis Homes has said its performance for the first half of the year is “in line with management expectations” as it saw a 5.6% fall in unit completions
Galliford Try has announced that it is no longer considering a merger with Bovis Homes.
Housebuilder dismisses Redrow offer but continues talks with Galliford as share price rises by nearly 7%
Housebuilder’s customer service fails to keep up with rapid expansion
David Ritchie has resigned as chief executive of Bovis Homes with immediate effect