Watkin Jones has said its full-year adjusted operating profit will be at a “similar level” to the £400,000 delivered in the first six months after a number of transactions were delayed.

The student accommodation and build-to-rent specialist had been hoping to complete a number of investor transactions before its year end on 30 September, but these are now unlikely to do so.

It said: “While investor engagement in each of these schemes remains active, the board has concluded that it is now unlikely that all of these transactions will be finalised by the year end. As a result, the group is expected to deliver adjusted operating profit for the full year at a similar level to H1.”