McCarthy & Stone shifts focus away from growth

McCarthy & Stone Beechfield Court: Photographer Freia Turland

Retirement housebuilder McCarthy & Stone will look to save more than £40m a year by 2021 following a strategic review. The group has decided to shift its mindset from growth to increasing return on capital employed (ROCE) and margins. Targets include improving ROCE to more than 15% by the end of the financial year in…

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