LONDON (Alliance News) - Building and property development holding company, Abbey PLC, Friday said that trading in the first few months of the year has been encouraging, with progress being made across all parts of the business.
In a statement to shareholders at its annual general meeting, Executive Chairman, Charles Gallagher said that the group is on track for a good year.
"In Southern England our sales have been strong in recent weeks due to the keen take-up of the government's 'help to buy scheme.' This bodes well for the year," said Gallagher in his AGM statement.
Abbey also said that in Ireland, its new development in Shankill, Co Dublin has been very well received with good forward sales.
The company shares were trading 1.4% lower Friday morning, at 728.93 pence per share.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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