Galliford Try Issues Profit Warning as New Project Problems Start to Bite

By | 17th April 2019

Shares in housebuilder/constructor Galliford Try (LON:GFRD) tanked 25% on Tuesday as further problems to its construction projects has meant cost overruns eat into profits. The share price action was immediate and sustained: As in common with many companies offering profit warnings nowadays, this does not show the extent of the destruction of value for shareholders,… Read More »

Driver Group Warns on Lower Profits: Share Price Tumbles 30%

By | 11th March 2019

Engineering and construction consultancy Driver Group (LON:DRV) today warned that full-year underlying profits would be below forecasts, causing an immediate fall in share price of around 30%: This does not show the full story, and existing investors may be aggrieved that the share price also fell sharply in the previous Friday session as well, perhaps… Read More »