Profit gap: Queensferry Crossing contractor Galliford alerts City

Shares in construction firm Galliford Try were under pressure yesterday after the group issued a profit warning. The firm said it would undertake a strategic review that will reduce the size of the construction business to focus on its key strengths. The process is expected to result in reduced profitability in the current year, as part of the assessment of operational progress and contracts. The single largest element in the one-off costs relates to the Queensferry Crossing joint venture, after an estimate for costs was raised.