-- Legal & General Group is expected to shut its modular housing factory in Selby, Yorkshire, and cut 450 jobs following years of weak demand, Sky News reports citing unnamed sources.

-- The unit failed to deliver sufficient orders to become profitable and significantly underperformed expectations given the Covid19-related issues and planning delays, Sky News reports.

Full story: https://bit.ly/44vgW7a

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

May 04, 2023 08:43 ET (12:43 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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