Housebuilder Wilson Connolly this week unveiled strong results for the six months to 30 June.
Pre-tax profit rose from £19.1m to £30.2m, an increase of 58%, though turnover fell 4% from £339.7m to £324.7m.

The news came on Monday, the same day that Taylor Woodrow announced its intention to make an offer of 230p a share, made up of 200p in cash plus 0.132 Taywood shares for each one of Wilson Connolly's.

The Wilson Connolly board is understood to have recommended the move unanimously.

Group chief executive Graeme McCallum hailed the results as "significant progress".

He said: "We are well on our way to achieving our performance targets. The board is confident of a further improvement in the second half, producing a strong set of trading results for the full year."

Chairman Allan Leighton said: "This has been achieved through our focus on margin improvement. We have a strong forward order book, an excellent land bank and a business that is delivering."