Shares went up after Scottish arm announced new business
Shares in Galliford Try traded up slightly after the company revealed it had won a £50m contract with oil services group Petrofac.
The contract, awarded to Galliford Try’s Scottish construction business Morrison Construction, is part of the construction of a new £500m onshore gas plant in the Shetland Islands for Total E&P UK and DONG E&P (UK).
The work, which will be carried out on land beside the Sullom Voe terminal, includes construction of access roads, plant, foundations, underground drainage structures, buildings, and hard landscaping.
The group also announced it has won a £23m contract to build Henry Moore Court, a high end residential development in west London, by developers Athos (Manresa Road), a joint venture between the Athos Group and the Carlyle Group.
The scheme will be built on the site of the former Chelsea College of Art on Manresa Road, and will include features two luxury houses, 15 luxury apartments and eight affordable houses. Work is expected to start on site next month and be completed by December 2012.
In early morning trading shares were up 1p at 497p