LONDON (Alliance News) - Abbey PLC Friday said trading in the early months of its financial year has been good, with business activity ahead of last year, buoyed by the UK government's 'Help to Buy' scheme.
In an annual general meeting statement to shareholders, the building and property development company said that in southern England, the 'Help to Buy' scheme continues to underpin house sales.
It also said its new development in Ireland is underway.
"We continue to look actively for new projects and have recently acquired sites in Foxrock and Cornelscourt, Co. Dublin," said Executive Chairman Charles Gallagher in the statement.
Abbey said its "on track for a good year". The company's financial year ends April 30.
Abbey shares were untraded Friday morning at 865.00 pence.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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