L&G modular homes foray amassed £295m of losses

L&G’s modular housing business amassed accumulated losses of £295m in its abortive foray to modernise the house building industry with factory-assembled homes.
Latest results posted since the decision to close its modular 550,000 sq ft factory near Selby reveal the business lost just over £120m last year year capping off seven years of heavy losses.
The firm also revealed after closing its North Yorkshire factory this summer, it now planned to wind down operations and commi