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Wilson Bowden reports sales boost

House builder Wilson Bowden reported an upturn in buyer confidence today after a boost in sales.
It said in a trading statement ahead of its final results: 'Looking ahead, we anticipate entering the new year with a forward order book ahead of our long run average.'

Analyst forecasts show pre-tax profits for the year to December 31 should come in at around £231 million against £260.5 million last year.

Shares were 2 per cent higher as it also revealed profitability for the second half of its financial year would be slightly higher than in the first six months.

Wilson, which operates in almost 40 counties across England, Wales and Scotland, revealed in September that interim profits fell by 15 per cent as it felt the impact of 'subdued' trading conditions.

It said it had to wait until late October for a pick-up in reservations at its core housing business David Wilson Homes.

The group said it was too early to predict the direction of the housing market in 2006 but added it was well-placed to benefit from any improvement.