7 June 2017 – trading update
The property group, a leading regeneration specialist, has issued a trading statement covering the six months to 31 May which has confirmed that trading has held up well despite market uncertainties. The group has also undertaken a strategic review and this has highlighted the significant opportunity to build on the company’s core strengths. Going forward the group will accelerate its commercial development activity and also grow its residential and housebuilding business, with volumes in the latter expected to be 15% higher than last year in the six months to 31 May. Following some recent weakness in the share price we maintain our recommendation of BUY.