Housebuilder’s share price has risen 11% since last Thursday triggering bid rumours

Yorkshire-based housebuilder Ben Bailey has said it is considering its “strategic options” following speculation that it might be subject to a bid.

Ben Bailey’s share price has risen more than 11% since last Thursday to a high of 680p per share prompting rumours of a bid.

In a statement to the London Stock exchange today it said: “It is emphasised that the Company’s review of its strategic options is ongoing and there is no certainty that any sale process will be undertaken or that if it is, any offer for the company will be forthcoming.”

For the year ended 31 December 2005 Ben Bailey posted a 23% drop in pre-tax profit to £12.65m on the back of a 26% rise in turnover to £103.2m.

Topics