Half Year Results 

McCarthy & Stone hindered by property slowdown

McCarthy & Stone hindered by property slowdown

A slowdown in secondary housing transaction volumes eroded operating margins for McCarthy & Stone (MCS) during the first-half, as the retirement home providers used discounts and incentives – including part-exchange – to boost sales. Management hopes to make more than £90m in cash savings between 2019 and 2021 by scaling back sales and marketing teams, standardising build designs and closing operations in the south-west of England.

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