Watkin Jones warns on profit after ‘recent market volatility’

By Carl Brown2022-10-04T13:08:00

Build-to-rent specialist says operating profit will be 10% lower than expected as sales delayed in wake of mini-budget

Watkin Jones has said its full year operating profit will be around 10% lower than expected after ‘recent market volatility’ hit sales.

The developer, which specialises in built-to-rent and student housing, gave the warning in a trading update for the year to 30 September this morning, prompting its shares to fall by more than a third.

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