The value of two of the UK’s largest housebuilders fell today after UBS downgraded its stock recommendations.
The bank dropped Crest Nicholson from “neutral” to “sell” and Persimmon was moved from “buy” to “neutral”.
Crest Nicholson saw the sharpest drop on the stock market, diving 4.7% to 364.8p. Persimmon fell 0.97% to 2,946p.
Rival housebuilders Barratt, Bellway and Taylor Wimpey all saw a bump following “buy” recommendations across the board.
The FTSE 100 climbed 0.3% to 6,780 and the FTSE 250 rose 0.1% to 21,569.
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