Housebuilder George Wimpey says that a strong performance in the UK business should mean total group completions hitting a record level this year. But trading conditions in the US are poor and Wimpey will take a land and option write-off worth about 2.5% of group net assets. Group profit before tax for 2006 is expected to be in line with our expectations, prior to US option exit costs and land value provisions.
i should say the whole sector stands to perform well next year. enormous room for jrvs to stage recopvery with vengence!!
