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MJ Gleeson set to reach expectations despite ‘subdued’ housing market


By Dan McGrath

MJ Gleeson has stated that it expects to deliver profits in line with current market expectations, despite operating in a "subdued" housing market that "lacks confidence".

The housebuilder said its profit before tax and exceptional items are set to reach between £21m and £22.5m in the year to 30 June 2025


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TSB acquired by Santander in £2.65bn deal

TSB has been bought by Spanish bank Santander in an all-cash deal worth £2.65bn

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Athora agrees to acquire PICG for £5.7bn

Athora has agreed to acquire Pension Insurance Corporation Group (PICG) for around £5.7bn

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Currys posts 37% jump in profits

Currys has posted a 37% surge in pre-tax profit to £162m in its latest annual results

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Chesnara acquires HSBC Life (UK) for £260m

Chesnara has agreed to acquire the specialist life protection and investment bond provider, HSBC Life (UK), for £260m

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AstraZeneca eyes up US listing

AstraZeneca is considering moving its listing on the London Stock Exchange to the US, potentially becoming the latest company to do so

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AFC Energy launches new JV with Industrial Chemicals Group

AFC Energy has launched a new joint venture (JV) with one of the UK’s largest independent chemical manufacturing and distribution companies, Industrial Chemicals Group Limited (ICL)

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Evelyn Partners completes sale of fund solutions business

Evelyn Partners Group has completed the sale of its fund solutions business, operated by Evelyn Partners Fund Solutions Limited (EPFL), to Thesis Holdings

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Greggs blames hot weather for sales slowdown

Greggs has reported that the hot weather in the UK has impacted its sales and profit levels in Q2, as higher temperatures impacted its consumer buying activity

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Spectris agrees to KKR's £4.7bn takeover bid

Spectris has agreed to KKR’s takeover bid, valued at an enterprise price of £4.7bn

Molins UK Pension Scheme completes £249m buy-in with Aviva

The Molins UK Pension Fund has completed a £249m buy-in deal with Aviva, securing the benefits of over 3,500 members of the scheme
WH Smith reduces sale of high street business by £12m

WH Smith has completed the sale of its UK high street business to Modella Capital for a smaller valuation than initially agreed
Southern Water secures £655m in new equity investment

Southern Water has received a commitment from its majority shareholder to invest £655m in additional new equity


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