Second half recovery hopes dashed at Watkin Jones

Hopes of a bounce back in the second half of this year have been dashed at Watkin Jones.
The build-to-rent specialist revealed a pre-tax loss of £800,000 in May’s interim results  for the six months to March 31 2023 but was confident of a recovery in the rest of the year.
Those hopes were dashed today in a gloomy trading update and the news that Chief Executive Officer Richard Simpson has stepped down.In May Watkin Jones was hoping to sell six schemes this year.
Today it said: &