MJ Gleeson confident FY results will meet top market expectations

Shares in MJ Gleeson are up almost 6% after it expressed confidence that its full year results will meet the top end of market views.

"Our business plans have not changed; for us it's business as usual," said chief executive Jolyon Harrison in a trading update.

Housing regeneration specialist Gleeson Homes continued to see strong demand for its low-cost homes.

"The EU referendum has not affected our core customer base for whom the decision to become home owners is not influenced significantly by market or media sentiment," said Harrison.

In land-promotion business Gleeson Strategic Land, early indications pointed to a continuing commitment on the part of mid-sized housebuilding customers, who have short land banks that they needed to continue to replenish.

At 11:49 BST, shares in MJ Gleeson are up 5.56% to 475p.