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Bovis to downsize targets after housebuilding review

The approach from Bovis came days after Galliford Try confirmed it was cutting 350 jobs in its construction division, as it tries to make savings to bring its operating margins up to a target of 2% by 2021.. launch a strategic review with a view to downsizing, after issuing a warning that its.

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Barratt boss David Thomas has joined the board of the Home Builders Federation. He has filled the slot left vacant by Taylor Wimpey’s Peter Redfern, who left the HBF board earlier this year after completing his term. Thomas (pictured), who recently took a swipe at extravagant executive bonuses in.

Welcome to Bovis Homes. We have been in the home-building business for more than 130 years, creating communities that are great places to live and properties that you can be proud of. From spacious apartments to large family houses, we have homes in beautiful locations across the country.

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Bovis Homes and Galliford Try are back at it again. After merger talks fell apart in 2017, then Galliford rejected Bovis’s 950m offer for its housebuilding unit in May, a deal that values.

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British housebuilder Bovis , which was subject to two failed buyout bids earlier this year, said it would take a 2.8 million-pound hit from the talks and a review conducted in February after the firm warned on profits. Bovis, which said sales so far this year are in line with reduced building expectations, warned on profits at the end of 2016 after it failed to build enough homes, prompting its chief executive to quit.

But after it. Lynch’s positive review of the house building sector helped shares as the broker upgraded Taylor Wimpey and Persimmon to ‘buy’. Taylor Wimpey was boosted 2% to 34p and Persimmon was.