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McCarthy sees some impact on current year growth after Brexit vote

Published 15/11/2016, 07:51
© Reuters.  McCarthy sees some impact on current year growth after Brexit vote
MCS
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(Reuters) - British housebuilder McCarthy & Stone Plc (L:MCS) said Britain's vote to leave the European Union is expected to have "some impact" on its current-year growth, especially in the first half, due to a weak forward order book and a more measured approach to land negotiation.

However, Britain's biggest builder of retirement homes said it had seen evidence of improved customer sentiment and a return to normal trading conditions after sentiment took a hit in the immediate aftermath of the Brexit referendum on June 23.

McCarthy kept its medium-term target of building and selling 3,000 units every year unchanged on Tuesday, as it reported a 19 percent rise in underlying pretax profit to 105 million pounds ($131.09 million) in the year ended Aug. 31.

($1 = 0.8010 pounds)

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