FTSE 250 movers: Galliford soars as divi almost doubles
Tue 18 Sep 2012
LONDON (SHARECAST) - House-building and construction firm Galliford Try saw in the top spot after it saw profits soar last year, paving the way for its full-year dividend pay-out to almost double.
Group revenue in the year ended June 30th rose 17% to £1,504m from £1,284m the year before. Profit before tax surged 80% to £63.1m from £35.1m the previous year, while earnings per share jumped 89% to 60.9p from 32.2p last year. The divi rose in line with earnings, from 16p to 30p.
Emergency service provider Homeserve was falling on the back of speculation that it could be about to issue a profit warning following an investigation by the Financial Service Authority, although when questioned the firm has said it has no news to report.
Department store group Debenhams was slightly lower after it reported an increase in like-for-like sales and, despite challenging markets, said it would meet annual profit expectations.