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Residential Homebuilder Abbey With Margin Pressure

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Thursday July 13, 09:45 AM

Abbey faces further margin pressure

LONDON (ShareCast) - Residential homebuilder Abbey warned that it was
facing further margin erosion this year
, which will necessarily impact on profits.
"Trading in the new year is progressing steadily, however further margin erosion is likely to impact profits again this year. Overall the group remains financially strong and well placed to take advantage of opportunities as they arise," said Abbey.

Oh dear, houses not flying off the shelves then? :( *

* :lol:

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
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