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UK housebuilder Bovis says it expects a significant increase in profit for 2011 following strong earnings growth.The Kent based group expects to record profits of about £31 million for last year, up 68% on 2010. The firm also expects to report an 8% increase in overall home completions for 2011, to 2,045 units. It also said forward [...] Homebuilder Berkeley has seen a strong rise in profits to £101 million for the six months to the end of October.This was 64% up on the same period last year, but included a £30 million windfall due to the sale of Berkeley’s share in a project for Imperial College in London. The firm confirmed strong demand [...] UK house builder Bellway has reported a 50% jump in annual pre-tax profits to £67.2 million during a year in which it said the market had “stabilised”.Higher sales, better margins and tighter cost control were behind the improvement, with turnover in the year to 31 July up 15% to £886.1 million. Houses sold by the Newcastle [...] Activity in the UK construction sector slowed to “near stagnation” in September, a closely-watched survey has suggested.The Markit/Cips construction purchasing managers’ index (PMI) fell to 50.1, just fractionally above the 50 “no-change” threshold that separates expansion from contraction. In August, the index had read 52.6. Markit said fewer new orders was the reason behind the slowdown, but [...] Building and heating materials group Wolseley has returned to a full year profit in 2010/11.The group suffered when the housing market was hit during the recession, but said it had focused on improving its “customer, product and vendor mix”. Wolseley reported a pre-tax profit of £391 million in the year to July, compared with a £328 [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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