Gleeson warns on profits after major land sale delay

Land sale delays have knocked a hole in MJ Gleeson’s profit expectations after a major strategic site disposal slipped into the next financial year.
The affordable homes builder warned that adjusted pre-tax profit for the year ending 30 June 2026 will come in about £7.5m below market forecasts after its biggest planned land sale failed to complete before year-end.
The delayed transaction accounts for around half of Gleeson Land’s forecast plot sales this year and, alongside two