STOCKS NEWS UK SMALL-Galliford Try falls on write-down

STOCKS NEWS Reuters Results diary

Europe [STXNEWS/EU] Real-time Equity News [E] [GB/EQUITY]

UK [STXNEWS/UK] Stocks on the move [HOT-RTRS]

UK smallcaps [STX/UKSC]

09:52GMT 07Nov2008-Galliford Try falls on write-down

----------------------------------------------------

Shares in building and construction group Galliford Try Plc. (GFRD.L) fall 10 percent to 36.75 pence after it warns that it will have to take a 50 million pound write-down on its housebuilding operations. The group says it is also cautious about prospects for both this year and next.

Stockbrokers KBC Peel Hunt says home sales are now likely to be some 200 below its previous forecast of 1,650 units and that profits for the current year are now expected to come in at around 25 million pounds, some 13 million pounds lower than its previous estimate. For the following year, the broker has cut its pretax estimate by 10 million pounds to 22 million.

Numis Securities says there are better prospects and value elsewhere and recommends Balfour Beatty Plc. (BALF.L) in the contracting space and Bellway Plc (BWY.L) in the housebuilders.

For more click on [ID:nL7562329]; company statement [ID:nRnsG6819H]

malcolm.locke@thomsonreuters.com; +44 207 542 0964

09:15GMT 07Nov2008-Plethora rises on trial result

-------------------------------------------------

Shares in urology specialist Plethora Solutions (PLE.L) rise 55 percent to 24 pence following a positive Phase III result for its premature ejaculation drug.