Complaints send Bovis slumping

25 February 2017 – by Alexander Peace

Bovis’s share price slumped by 10.2% on Monday as the embattled housebuilder released less-than-stellar annual results for the year to December.

Bovis

The group delivered a profit before tax of £154.7m, below its forecast range of £160m to £170m, while completions increased by just 1% to 3,977.

But rather than suffering at the hands of macro-economic uncertainty caused by the recession, the housebuilder has been more a victim of its own practices.

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