4 Oct 2019 11:07
Abbey "Pleased" With Summer Trading And Expects "Satisfactory" Year
Abbey "Pleased" With Summer Trading And Expects "Satisfactory" Year
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Don't have an account? Click here to register.Abbey shares up more than 10% off double profit announcement
Wed, 08th Jul 2015 10:55
Shares in Abbey surged after the property firm said it doubled its full year pre-tax profit.The company's pre-tax profit was up 204% from €49.1 m to €24.1m, which after tax equated to earnings per share of 184.02 cents.Abbey said the company completed 557 sales, supported by buoyant UK sales due to the government's 'help to buy' scheme."Price rises have continued, for the time being, to outstrip rising costs supporting our current firm margins," Abbey said.Progress was slow in Ireland, where Abbey sold 27 homes and noted Dublin had the strongest improvement in the housing market.At the year end, Abbey owned and controlled land with the benefit of planning permission for the supply of 2,252 plots.The company had paid out a dividend of 11 cents per share, and recommended further 7 cents per share for approval the next Annual General Meeting.At 1046 BST on Monday, the company's shares were up 10.73% to 980p.
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Abbey Outlook Uncertain As Increased Costs Hurt Annual Profit
(Alliance News) - Abbey PLC on Thursday reported a 9.6% decline in profit in its most recently ended financial year due to higher costs.The residential housing developer said pretax profit
Read more13 May 2019 12:05
Abbey Expects Drop In Annual Profit On Lower Margins
LONDON (Alliance News) - Abbey PLC on Monday said it expects annual revenue to be ahead of last year but warned on lower operating profit due to falling margins.For the year ended April 30,
Read more23 Jan 2019 14:22
Housebuilder Abbey Appoints Avril Gallagher As Non-Executive Director
LONDON (Alliance News) - Abbey PLC on Wednesday said it appointed Avril Gallagher as a non-executive director and a member of the audit and remuneration committees.Gallagher is currently an
Read more7 Dec 2018 11:20
Abbey Declares Special Dividend As Revenue, Profit Rise In First Half
LONDON (Alliance News) - Abbey PLC on Friday expressed confidence in achieving "reasonable" results in its full financial year after its profit grew in the first half.The housing
Read more7 Dec 2018 08:06
High build costs limit Abbey profits growth
(Sharecast News) - Housebuilder Abbey reported on Friday that its interim profits crept up in the face of high pressure from labour and material costs.
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Abbey Makes Steady Trading Over Summer Period, In Good Annual Position
LONDON (Alliance News) - Property development company Abbey PLC said on Friday that trading over the summer period was steady.In the southern England region, sales held up well due to the a
Read more28 Sep 2018 16:33
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Abbey Expects Flat Annual Revenue, Lower Margins To Hit Profit
LONDON (Alliance News) - Abbey PLC said Friday it expects operating profit for its most recently ended financial year to fall short on the year before's on the back of lower margins.The
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Lack of land availability drags on smaller housebuilders
(ShareCast News) - The biggest barrier for two-thirds of small and medium sized building firms was the lack of available land, according to a new industry survey, which has resulted in a skewing of the market towards larger operators in recent decades. For the second year in a row, small and medium-
Read more21 Jul 2016 16:09
Director dealings: Abbey's founding Gallagher family adds to stake
(ShareCast News) - Construction group Abbey's controlling Gallagher family has further built up its stake in the company with a €756,000 purchase a week after a robust set of full year results. The Gallagher Holdings family vehicle, which is represented on the board by Charles Gallagher Jnr, Abbe
Read more2 Nov 2015 09:34