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Galliford Try warns on construction division

Galliford Try warns on construction division

Galliford Try (GFRD) has warned that pre-tax profits this year will come in below market expectations of £156m, following a review of underperforming construction contracts. Management expects exceptional costs of between £30m and £40m, with the biggest hit coming from an increase in expenditure from its Queensferry Crossing joint venture.

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