Investors fear Taylor Wimpey will announce sizeable write-downs to its US assets and reveal a slowdown in reservations in the UK when the housebuilder issues a trading update tomorrow.
Kaupthing said a decline of more than 10% would be disappointing.
The Council of Mortgage Lenders’ warning that house price inflation could slow to as little as 1% next year also hit the shares which fell 8p to 230.5p and had an affect on the rest of the sector, including Barratt Developments, which closed down 20p at 631p.
30/10/07 Financial Times 3, 42 Times 2, 42 Daily Telegraph 6, 11 Guardian 25, 28 Independent 41, 44
