Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Galliford Try strikes three new contracts totalling £98m

(Sharecast News) - Construction company Galliford Try said on Thursday that it has inked three new infrastructure contracts totalling £98.0m. Galliford Try said firstly, its environment business will be installing a new £33.0m pipeline in South London, in Thames Water's Riverside Flow Monitoring Zone, to meet an anticipated increase in demand.

Secondly, the same unit has also been appointed to a £31.0m contract to install a new 9.0km clean water pipeline connecting the Netley Water Treatment Works in Surrey with the main reservoir network to the west.

Finally, Galliford Try added said its highways division has struck a £34.0m contract to redevelop the A629 route into central Halifax, including pedestrianising key access areas and re-routing access to the town's railway station while removing traffic from the centre.

Chief executive Bill Hocking said: "We are delighted to have been appointed to these three contracts which represent key markets within our Sustainable Growth Strategy. We look forward to working with Thames Water and Calderdale Council to provide their local communities with the high-quality public infrastructure that will serve them for years to come."

As of 0955 GMT, Galliford Try shares were up 1.40% at 241.33p.

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

WH Ireland in talks with Zeus Capital about sale of capital markets arm
(Sharecast News) - Financial adviser WH Ireland confirmed on Monday that it is talks with UK investment bank Zeus Capital about the potential sale of its capital markets division.
Kefi shares pop on official launch of Tulu Kapi
(Sharecast News) - Kefi Gold and Copper officially launched the Tulu Kapi Gold Mines (TKGM) project in Ethiopia on Monday.
Sajid Javid reportedly in talks to join Shein ahead of London IPO
(Sharecast News) - Singapore-based fast fashion retailer Shein has reportedly approached the former chancellor Sajid Javid about joining the company ahead of its rumoured listing on the London Stock Exchange.
Bradda Head reaches settlement over fraudulent payment
(Sharecast News) - North America-focussed lithium developer Bradda Head announced on Monday that it has reached a settlement agreement over the fraudulent payment initially reported on 29 March 2022.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.