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House Builder Stocks Rise In London

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Housebuilders were to the fore after Persimmon confirmed it had made a takeover approach for smaller rival Westbury. The news stoked hopes that the long-forecast consolidation of the housebuilding industry had finally begun. Westbury jumped 11.9 per cent to 553p and Persimmon surged 7.9 per cent to £10.25, while Redrow rose 2.7 per cent to 477½p and Barratt Developments put on 2.3 per cent to 865p.

House builder stocks are rising on takeover and consolidation rumours, indicative of the mature stage in the house builder sector. We all know the prognosis for mature markets.......:D the start of the slippery slope

Edited by make my day

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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