Abbey sees signs of slowdown in UK economy

Abbey sees signs of slowdown in UK economy

The housebuilder also warned against "further unwise intervention" in the Irish housing market

Housebuilding group Abbey has reported a modest 3.3 per cent rise in full-year pre-tax profit to €63.5 million for the year ended April 30 from €61.5 million a year earlier although it said its operating profit was unchanged at €60.8 million.

The company said its housebuilding operations completed 586 sales, 495 of them in the UK, 39 in Ireland and 52 in the Czech Republic, aided by help-to-buy schemes in both...

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