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St Modwen forecasts higher profits

Date added: 02/12/2014

DEVELOPER St Modwen has revealed it is benefiting from improving conditions in the regional property market. In a trading update for the year ended November 30 it said full-year pre-tax profits are likely to be at the top end of expectations. The group said initial indications suggest the results will reflect an uplift in property valuations, arising from both market driven movements in an improving regional market and its own "value add development and asset management activities”.

In the North West St Modw....


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