The (building) plot thickens. Bovis has appointed former Galliford Try boss Greg Fitzgerald as its new chief executive.
It's on the same morning that it emerged a buyout attempt for Bovis by Galliford Try has failed.
"The [Bovis] board has reviewed the merger proposal and concluded that it failed to reflect the underlying value of the Bovis business," Bovis said in a statement .
"Accordingly, the board has decided to reject the proposal as it believes that an independent strategy under the leadership of Greg Fitzgerald will deliver greater value for shareholders."