Latest news with #planningdelays
Bloomberg
03-06-2025
- Business
- Bloomberg
MJ Gleeson Cuts Outlook on Slow UK Recovery, Planning Hurdles
MJ Gleeson Plc slashed guidance, citing a slow housing market recovery in the UK and planning delays. The company, which specializes in affordable housing, now expects operating profit to be around 15%-20% below previous expectations for the year ending June 30, according to a statement Tuesday. It also anticipates its gross margin in the homes division to be about 1% lower than previously forecast.
Bloomberg
21-05-2025
- Business
- Bloomberg
SSE Cuts Spending Plan by £3 Billion Amid Slowing Growth
SSE Plc cut its five-year spending plan by £3 billion ($4 billion) as projects slow amid planning delays. The program now totals about £17.5 billion, the UK utility said Wednesday. The company booked a £249.5 million impairment on its investment in renewables projects in southern Europe, reflecting a build-out that's slower than planned because of sector-wide delays to permitting and grid connections.
