Bovis homes has warned shareholders that its next set of interim results may be hit by the recent bad weather.
Speaking at the announcement of its results for 2000, chief executive Malcolm Harris assured the City that the outlook for 2001 was very good, but added that bad weather in the first half of the year had led to delays. He said the company had delayed work on a number of sites to manage costs.

Bovis Homes this week unveiled pre-tax profit of £67.1m for the year to 31 December 2000, up 21% on 1999. Turnover increased 10% to £305m. Average selling price increased from £109,400 to £123,300 and completions fell by 70 to 2360.

Commenting on industry consolidation, chairman Sir Nigel Mobbs said the board had looked at the options but decided that there was nothing to be gained from an acquisition or merger at this time.

He said: "The board will continue to monitor the sector and assess whether we can gain advantage from acquisitions in the future."