Bovis and McStone report mixed fortunes

Bovis Homes and McCarthy & Stone reported to the city this month, with Bovis reporting a “strong” half year performance and controlled volume growth, and McStone reflecting on a “tough” financial year. During its half year to June 30 2018, Bovis’ pre-tax profit improved by 41% to £60.2 million against H1 2017, “ahead of expectations”.

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Good sales at Persimmon and Bovis

Persimmon and Bovis Homes report steady performances ahead of their half year results. During the period from 1st January to 30th June 2018, Persimmon’s legal completions increased 3.6% to 8,072 homes against the equivalent period last year. Its average selling price also rose 1.2% to around £215,800. The volume housebuilder’s housing revenues for the first

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Bovis rejects GT takeover bid and appoints ex-GT CEO

Bovis Homes has appointed Greg Fitzgerald as its new Chief Executive whilst rejecting Galliford Try’s merger proposal. Fitzgerald took up his post on April 18 following the departure of David Ritchie in January, he is the former CEO and Chairman of Galliford Try. He spent more than 30 years at the housebuilding and construction business.

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Bovis receive merger proposals

Bovis has confirmed that it has received merger proposals from both Galliford Try and Redrow. The firm has rejected both saying that “neither reflected the underlying value of the Bovis business”, but confirmed that talks are continuing with Galliford Try. Redrow proposed a share and cash deal which in aggregate amounted to £8.14 per Bovis

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Growth is the aim for Bovis and Hill

Bovis Homes remains on track to deliver the growth it plans for 2016, it reported yesterday, while Essex-based housebuilder Hill has revealed a five year growth strategy. Reporting on 2016 so far Bovis said that the housing market continued to be positive, with weekly sales rates improving in recent weeks to move in line with

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Another strong report of figures from Persimmon

Persimmon has seen robust trading for the year to date even though they continue to experience planning delays. During the period from January 1 2016 to the present day, the volume housebuilder has achieved a 6% rise in their weekly private sales rate per site against the equivalent period in 2015. This robust sales performance

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“Record profit” for Bovis

Bovis Homes reported it has delivered “record profit” during its financial year with its growth strategy remaining on track. During 2015, Bovis’ pre-tax profit rose 20% to £160.1 million against the equivalent period in 2014. Its operating profit rose 19% to £163.5 million. This was all driven by a record increase in legal completions of

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Record profit set for Bovis

Bovis Homes have reported they expect to announce a “significant” rise in their revenue and pre-tax profit for the year ending December 31 2015, as they continue to deliver on their growth strategy. Bovis said that their strong performance was driven by a “record” number of legal completions, rising more than 8% to 3,934 homes

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Record number of completed new homes for Bovis!

This week Bovis Homes reported they have completed a record number of new homes in the first half of the year reaching 1,525 legal completions, against 1,487 last year. Bovis’ forward sales position for 2015 delivery stands at 3,505 at June 30, against 3,297 at the equivalent time last year. David Ritchie, Bovis CEO said

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