Shares nosedive at Sheffield housebuilder

Sheffield low-cost housebuilder, MJ Gleeson, lost almost a quarter of its value this morning after warning profits will come in up to 20% below expectations

In early trading  MJ Gleeson shares were down 24% to 393p

In a statement the group, which operates across two divisions – Gleeson Homes and Gleeson Land, said: “The previous forecast that Gleeson Homes would deliver an overall operating profit in line with market expectations include... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...