Galliford says cash boost from Bovis is key to housing deal

(Reuters) - Galliford Try aims to focus on a smaller, more profitable construction business, which will be easier with the cash boost from a proposed sale of its housing businesses to Bovis Homes , its CEO said on Wednesday.Galliford, like others in the residential housing market, has been hit by a downturn in the UK housing market. It restarted talks to sell its housing businesses to Bovis on Tuesday after a previous proposed offer was improved to 1.08 billion pounds ($1.33 billion) including..