Bovis’ outlook gloomy following 30% drop in reservations

May 7, 2008
The Bovis board has spoken of “sharply deteriorating conditions” in the housing market, in its May 6 trading update. The plc blamed negative consumer sentiment and the growing dearth of available mortgages for its need to sharply revise down forecasts on those issued at its preliminary results statement two months previously. The group has seen 1,382 reservations during the year …

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