Friday August 14, 2020

Abbey shareholders face dividend hit

Home builder Abbey issued a pessimistic set of results on Friday, painting a bleak picture of any Irish construction company to date.

8th December, 2007

Home builder Abbey issued a pessimistic set of results on Friday, painting a bleak picture of any Irish construction company to date.

The company has focused its residential business on Britain rather than Ireland in recent years, but with housing weak on both sides of the Irish Sea, the company has taken a hammering on two fronts.

Shareholders are now facing the possibility of a reduced dividend, or none at all in future years. Although...

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