Half-year profits of €22m for housebuilder Abbey

Housebuilder Abbey has reported pre-tax profits of almost €22m for the six months to the end of October, down almost €8m from the same period in 2015.

Analysts nonetheless said the company had met expectations and that the outlook was relatively positive, despite uncertainty driven by the Brexit vote.

The company is involved in housebuilding in the UK and its shares have fallen about 25% this year.