Wilson Bowden set to reach £1bn turnover target

Wilson Bowden's target of exceeding £1bn of turnover by 2003 looks 'eminently achievable', it has revealed today (Wednesday).

And it is also maintaining its second key target of achieving completion on 5,000 housing units by 2004.

David Wilson, group chairman, said: "Trading continues broadly in line with the outlook as described at the time of the preliminary results.

"As previously reported, the rate of increase in house selling prices has continued to slow to a more sustainable level, but prices achieved remain ahead of our budget expectations."

He added that the integration of Henry Boot Homes is progressing according to plan.