Full Year Results 

McCarthy & Stone unpicked at the margins

McCarthy & Stone unpicked at the margins

Full-year earnings for McCarthy & Stone (MCS) were constricted by £17m in exceptional costs linked to undeveloped land, redundancies and a strategic review. The retirement home builder notes that reservations during November and December were subdued, presumably due to the prospect of an interventionist Labour administration. Activity has picked up in the early part of 2020, but management anticipates that the first-half results will come up short of the comparable period.

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