Bovis boss Greg Fitzgerald said the housebuilder would be reporting a “significant” improvement in profitability and a more-than-doubled cash position when it publishes its first half figures in September.

Last year the group reported a 41% increase in first half pre-tax profit.

Fitzgerald said the business had seen an “excellent first half performance”, including a 15% increase in its average private sales rate per site per week in the period to 0.6, from 0.52 last year.

…