MJ Gleeson to beat expecations with latest land sale
MJ Gleeson expects its full-year results to top expectations, after completing the sale of 12.5 acres of land in Sussex.
Construction & Materials
10,515.36
17:09 10/05/24
1.27%
131.75
FTSE All-Share
4,586.29
16:50 10/05/24
n/a
n/a
FTSE Small Cap
6,705.05
17:09 10/05/24
n/a
n/a
MJ Gleeson
517.00p
16:40 10/05/24
0.19%
1.00p
The urban housing regenrator's results for the 12 months to the end of June were previously set to be in line with expectations, on assumptions the sale would not be completed in time.
Although the transaction will not clear until July, the sale will be recognised in the current financial year, on grounds there are no further conditions to be satisfied.
As of 10:15 BST, MJ Gleeson was trading 1.4% higher at 426p.