UK's MJ Gleeson shares rise on robust first-half sales expectations

MJ GLEESON

16/01/2026 08:43

** Shares of housebuilder MJ Gleeson GLEG.L rise nearly 4% to 400p

** Among top gainers on FTSE small-cap index .FTSC, which is flat

** GLEG will report 6% rise in home sales in H1 2026; net reservation rate increased to 0.75 per site per week in H1 vs. 0.55 per site per week in H1 2025

** Co expects FY results to be in line with market expectations

** "We remain confident the group will experience a material uptick in
profitability over the medium term, as outlets return to growth in FY27." - Peel Hunt analysts said in note

** GLEG expects improvement in new home sales through spring

**  In 2025, stock fell about 17%

(Reporting by Rishab Shaju in Bengaluru)

(((Rishab.shaju@thomsonreuters.com ; +91 9048142177))))