MJ Gleeson Plc (GLE.L), a British low-cost house builder and land promoter, announced Friday that its Board continues to expect fiscal 2025 results to be in line with current market expectations. The results would be more weighted to the second half than usual, the firm noted.
In its trading update ahead of its Annual General Meeting to be held later today, the company noted that Gleeson Homes recorded net reservation rates for the period July 1 to November 1 of 0.56 per site per week, increased from the 0.45 per site last year.
Gleeson Homes continues to experience margin pressure as a result of the use of higher sales incentives, the impact of multi-unit sales, increased build costs and limited relief from increasing selling prices.
Further, Gleeson Land is expected to deliver a full year result materially ahead of last year, with a number of significant sales expected to be completed in the second half. The Board is confident with the strong demand for consented land from large and medium-sized developers.
Gleeson will isuue its trading update for the 6 months to December 31 on January 14.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.