MJ Gleeson says housing market tough
Posted 15 May 2008 @ 10:49 pm GMT
House-building company MJ Gleeson said on Thursday that achieving financial results in line with current expectations was possible, but that it depended on the company's housing and strategic land divisions meeting their current forecasts.
MJ Gleeson said that market conditions had continued to deteriorate since February and that industry conditions were extremely challenging.
Shares in the company fell 10.1 per cent down to 209.50 pence per share.
This article is copyrighted by the International Business Times.
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