McCarthy & Stone posts plummeting pre-tax profit

Continuing uncertainty and challenging market conditions dented half-year results at retirement housebuilder McCarthy & Stone, which posted a 66% drop in pre-tax profit. In the six months to 28 February 2019, the group saw profit before tax fall to £3.6m (2018: £10.5m). This was impacted by £14m of charges in relation to delivery of the…