| Galliford see tough conditions ahead |
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| Friday, 09 November 2007 | |
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Contractor Galliford Try has issued a new trading statement which says that although trading at the start of its financial year has been in line with expectations it sees the market getting tougher. It said that encouraging market conditions in housebuilding during July and August had turned difficult in September, due to the succession of interest rate rises and the impact on consumer confidence of turbulence in the financial markets. Conditions in the construction market were however still good and it had a number of significant contracts in the pipeline. It said the group's housebuilding sales value totalled £380m, representing 60% of its projected sales for the financial year, versus 58% at the same stage last year. |
