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10Feb94 UK: CALVERLEY JOINS TRY.

Uxbridge contractor Try has recruited David Calverley, the chairman of Ideal Homes, Trafalgar House's house building arm, as managing director of Try Homes.Mr Calverley, 52, was a main board director at Trafalgar House and has been managing director of Ideal Homes since 1975.He is a former colleague of Try's chief executive, Peter Howell, who was also on the board at Trafalgar House.The appointment comes less than a week after Try acted to dampen rising stock market expectations on its performance.After watching its share price rise from 28p at the beginning of the year to a peak of 40p, Try issued a trading statement saying 'continued recessionary influences' had resulted in a further loss in its house building division last year.The company said the results, due in mid-March, were expected to show it broke even at the operating level in 1993. But it will move into the red after interest costs of £500,000 and exceptional charges of £1.05 million.The exceptionals include a £300,000 charge to cover further rationalisation costs involving around 40 job losses, mainly in administration. They also included a £750,000 payment made to release the group from a rental guarantee relating to a property sold in 1990. CONSTRUCTION NEWS