Galliford's share price rises despite dividend cut

Finance

Galliford Try’s share price jumped 10.51% on Wednesday to 1,104.00p after the homebuilder reported a 145% rise in pre-tax profit for the year to 30 June.

Revenue rose 11% to £3.13bn. However, the group was held back by a further £20m write-down on its troubled Aberdeen by-pass scheme.

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