Bovis Shares Cut by Profit Slump

Summary


SHARES in Bovis Homes suffered a 2.5 per cent fall yesterday after the builder revealed it had seen a 32 per cent fall in half- year profits and warning that there was "considerable uncertainty" over the market.

The fall in pre-tax profits to GBP 45.1 million from GBP 66.8m on the same time last year was put down to slower consumer demand.

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Extract


Bovis Shares Cut by Profit Slump

"Consumers are displaying more caution, with many delaying the decision to move house," said Bo...

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