Bovis said Cyndi Lauper completed sales fell to 1817 homes

Bovis said explains Cyndi Lauper completed sales cindy lauper displays fell to 1,817 homes during 2008compared with 2,930 in 2007. The average sales price fell to 150,800 pounds ($229,800),down from 179,500 the previous year, partly as a result of anincreased proportion of social housing, which now accounts for33 percent of sales, compared with 22 percent in 2007. For 2009, Bovis said it had 425 sales reservations at Jan 1,down 48 percent on the same date the previous year. On Thursday, rival Persimmon (PSN.L) said it would not pay afinal dividend and would instead focus on conserving cash afterit also reported a sharp decline in sales. [ID:nL7610060] British house prices fell 15.9 percent in 2008, making itthe worst year on record, the Nationwide Building Society saidon Tuesday. [ID:nL7610060] Prices dropped 2.5 percent in December, according toNationwide, the sharpest decline in seven months, in a sign thatmarket conditions are worsening rapidly. On Thursday, the Bank of England cut interest rates to arecord low of 1.5 percent in a bid to encourage banks to lend tobusiness and homebuyers.

[ID:nL8139224] NO DIVIDEND Bovis has been steadily cutting jobs in response to thedownturn in the housing market and said its headcount will beabout 60 percent lower at the end of the first quarter of 2009than it was at the start of 2008 cyndy lauper . Bovis had said last July that it planned to cut 40 percentof its workforce or about 400 jobs cindi lauper . The group said overheads in 2009 will be between 40 and 50percent lower than in 2007 but it will take a charge of about 5million pounds relating to the restructuring cyndi lauper" "when you were mine . Bovis said it will take an inventory write-down charge inits 2008 results but did not state what level it would be cyndi laupher . In December, Bovis announced it had agreed a new 220 millionpound ($335.3 million) financing deal with its lenders.

Market forecasts for Bovis's 2008 pretax profit beforeexceptional times currently range between 10 and 15.4 millionpounds, with the average at 13.3 million, according to a ReutersEstimates poll of 11 analysts . Shares in Bovis, which fell 35 percent last year, were down0.5 percent to 442.5 pence at 0929 GMT, with the dividendcancellation not seen as a surprise cyndi luper . Analysts at Citigroup predicted last month that UKhousebuilders would either skip or severely cut their dividendpayouts in 2009 due to the tougher trading environment andpressure on cash flow and banking covenants cyndi laupper . The group's share price performance over the last year hasheld up better than more indebted rivals such as BarrattDevelopments (BDEV.L) and Taylor Wimpey (TW.L) . Citigroup on Friday reiterated its 'hold' recommendation and430 pence target on Bovis, saying it is "relatively wellpositioned to weather the storm".