UPDATE 2-Housebuilder Bovis sees order book up; 2010 subdue

venerdì 15 gennaio 2010 09:54


* Completes 1,803 homes in 2009 vs 1,817 in 2008

* To secure cheaper debt facility in next few weeks

* Says average selling price rises by 2.5 pct to 154,600 stg

(Adds CEO, analyst comment, background, recasts lead)

By Lorraine Turner

LONDON, Jan 15 (Reuters) - British housebuilder Bovis (BVS.L: Quotazione) reported a strong cash position at the end of 2009 and echoed comments from peers of a stabilisation in the sector, despite stunted mortgage activity.

Chief executive David Ritchie said the withdrawal of players in the mortgage market such as Northern Rock and Bradford & Bingley has left a vacuum, which is not likely to be filled in the near future.   Continua...