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30Aug91 UK: P AND O REPORTS £3.5M INTERIM OPERATING LOSS FROM ITS HOUSE BUILDING CONSTRUCTION AND DEVELOPMENT DIVISION.

Bovis Construction's parent company P and O reported a £3.5 million interim operating loss on its house building, construction and development division in the first half of the year. Last year it made £27 million profit.Several hundred jobs have been lost at Bovis in the wake of the loss, which is understood to be largely due to the slump in house sales. Bovis Construction had faced a 'very difficult environment' and although the division's order book has remained stable, ...

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