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Galliford Try to address Carillion fallout
Management will be looking to draw a clear line between their charge and liquidated construction services business Carillion (CLLN) when Galliford Try (GFRD) reports its half year results on 14 February.
Since the news of Carillion’s collapse on 15 January, Galliford Try’s shares have lost 18% of their value, with the group warning of a potential £30m to £40m cash outflow to complete a joint venture it was working on with Carillion.
Alongside its construction business, which has faced problems of its own on legacy contracts, Galliford Try is also active in regeneration and housebuilding.