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13 May 2019 | 13:57

Abbey warns of lower earnings due to margin pressure

Irish home builder Abbey said it expected to post a fall in annual operating profit, as lower margins offset rising sales.

A trend of falling margins 'seems set to continue in the current year', though forward sales were good, the company added.

For the year through April, the company completed 579 house sales, down from 606 on-year.

At 1:57pm: (LON:ABBY) Abbey PLC share price was -15p at 1220p

Story provided by StockMarketWire.com
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