Business
Operations Update
Operations Update.
About this update from Henry Boot Plc
[{"type":"text","content":"\n \n \n RNS Number : 6604I\n Boot(Henry) PLC\n 03 April 2020\n \n \n \n \n 3 APRIL 2020\n \n \n \n \n \n \n \n \n HENRY BOOT PLC\n ('the Group')\n \n OPERATIONS UPDATE\n \n \n On 25 March 2020, Henry Boot PLC provided the market with a trading update following the Financial Conduct Authority's (FCA) request to defer publication of the 31 December year end 2019 Preliminary Statements in light of Covid-19. This situation continues to evolve rapidly, as does Government advice, with actions taken by our supply chain and feedback from our customers.\n \n As ever, the Group's main priority is the welfare of our people, their families, customers and the communities in which we operate. We continue to follow Government advice with all office-based staff still working from home. Furthermore, we have now closed all sales centres and paused construction work, except where we are working on sites vital to the NHS. We are formulating our plans to enable us to continue activity where we can operate safely within the Government's and the Construction Leadership Council's (CLC) latest guidance in respect of stricter revised working practices and social distancing on sites.\n \n The situation remains fluid and we continue to work very closely with our employees, customers, supply chain and the Government to ensure we offer the best service we can, whilst maintaining a safe workplace. However, given the reduction in activity principally affecting our construction, house building and plant hire activities, we will be furloughing employees, where it is appropriate to do so, utilising the Government's Coronavirus Job Retention Scheme to ensure that our workforce remains available to remobilise as trading conditions allow. At this point, we do not anticipate employee levels within our strategic land promotion or property development businesses will be significantly affected.\n \n It has become clear that the Covid-19 related disruption to our Group operations will inevitably influence the Group's results for the current year to 31 December 2020. However, the Group is currently unable to quantify the impact of Covid-19 on its financial and trading performance for the current year and, as a result, the Group is suspending all existing financial guidance until clarity returns.\n &n...