BOOT (HENRY)

Henry Boot sharply cut its profit forecast for the year to 31 December 2026, citing macroeconomic uncertainty and lower transaction volumes. The Hallam Land division sold 556 plots in the first half versus 1,222 a year earlier, and far fewer sales than last year’s 3,957 units are expected for 2026. Stonebridge Homes reported lower completions and expects an operating loss in 2026 due to project delays and roughly 5% construction cost inflation; net debt rose to £132.9m. HBD performed positively, with strong demand for industrial and logistics space and an Origin JV that is now 75% let or reserved. » More on de.investing.com

Henry Boot has secured a forward financing package for its development arm HBD for the first phase of the Golden Valley project in Cheltenham. The phase has a gross development value of £95m and includes the IDEA innovation centre (160,000 sq ft) and the ROUTER transport hub; construction has started and completion is expected in early 2028. IDEA is already 68% pre-let or under offer, HBD will receive development management fees and plans to deliver the residential element later with a partner; the overall project is part of a £1bn development and forms part of the UK’s national cyber strategy. » More on de.investing.com

Henry Boot has appointed Warren Thompson as the new managing director of its housebuilding division Stonebridge Homes. Thompson will join from Keepmoat Homes at the end of the year and brings more than 30 years of industry experience, including leadership roles at Miller Homes, Redrow, Avant Homes and Harron Homes. He will be a member of the executive team and the investment committee; until he takes up the role Ed Hutchinson will continue to lead Stonebridge Homes, while Jenny Purple will temporarily take on an expanded leadership role. Stonebridge Homes is a joint venture with a land portfolio for around 1,500 homes. » More on de.investing.com