Watkin Jones sounds profit warning

Watkin Jones is waning that profits for this financial year will come in 10% below market expectations.
The developer and builder of homes for rent said sale prices and margins were softening and not offsetting ongoing build cost inflation.
In a trading update to the City the listed builder said: “While in H1-2022 build cost inflation was mitigated by increasing asset values, the Group has seen some pricing and margin softness on sales concluded in the second half, with purchasers facing i