24th May 2021 09:06
(Alliance News) - MJ Gleeson PLC on Monday said it expects its annual results to top market expectations, helped by strong house prices in the UK.
The Sheffield-based housebuilder noted buoyant demand in the sector, which has seen a bounce since restrictions eased following the UK's first nationwide lockdown last year. MJ Gleeson ends its financial year on June 30.
"The strong demand for new homes has led to higher selling prices, which has more than offset recent increases in certain material costs, whilst demand for high-quality consented land from large and medium-sized housebuilders has returned to pre-Covid levels," the company said.
It will issue a trading update on July 9.
MJ Gleeson shares were 2.9% higher at 888.00 pence each in London on Monday morning.
By Eric Cunha; [email protected]
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