MJ Gleeson says market conditions have worsened

LONDON, May 15 (Reuters) - British housebuilder MJ Gleeson Group Plc (GLEG.L: Quote, Profile, Research) said on Thursday that market conditions had deteriorated further since it reported at the end of February that the industry face extremely challenging conditions.

The company said in a trading update it believed that a financial outcome for the current year in line with market expectations remained achievable, but depended on its housing and strategic land divisions meeting most recent forecasts.

Shares in Gleeson were down 9.9 percent at 210 pence. (Reporting by Mike Elliott)