26th May 2016 07:47
LONDON (Alliance News) - Land and property investor and construction company Henry Boot PLC on Thursday said trading has remained strong in its business segments in 2016, though it warned about uncertainty ahead of the UK's referendum on its European Union membership.
Henry Boot said its land development business has continued to perform well, with four land sales completed in 2016 so far and further success on its planning work, with planning permission obtained for five sites.
Property investment and development activity also remained robust, and the group's construction arm performed well, leaving it on track to meet targets for the full year.
The group said it could see some "transactional uncertainty" around the Brexit referendum, but it does not anticipate this will last long, nor deliver any detrimental impact to its trading for the full year.
As a result, Henry Boot said it remains confident on meeting expectations for 2016.
The stock was up 3.0% at 200.94 pence Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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