Profit????YES12 May 2010 11:48
£8 million has been put aside yes,but £10 million was gained from a 2 and a half acre sell to Brent City Council,making a profit of £2 million.Alot of profitable asset disposals this year along with 450,000 sq ft of office space completions at Greenwich of which 300,000 sq ft are already on stream and producing more than £3 million income for the group.Also a nice £2 million a year from Barclays and lets not forget that they do actually sell homes and have 1500 more student beds let than they did this time last year.
To me its easy to see how the sp rose above £2 last year the reason being it doesnt take alot of buying or selling to move the price up or down.