Henry Boot shares up amid ‘very encouraging’ trading

Sheffield-based construction group Henry Boot plc said in an update for its AGM that its property trading and development activity levels since the beginning of 2017 had been “very encouraging.”

Henry Boot said the group’s three business segments — land promotion, property investment and development and construction — were trading strongly.

The company’s shares rose about 5% to around 293p to give it a current stock market value of roughly £380 million.

“Henry Boot is, fundamentally, a transactions driven business and there is always a degree of uncertainty with regard to the timing of these deals within a particular financial period,” said Henry Boot.

“We are pleased to report that any uncertainty created by the current UK general election process is not having an impact on our business.”