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Market wrap: Harworth hit as housebuilders tumble

Harworth Group saw one of the sharpest declines in real estate on the London stock exchange today, diving 6%.

The strategic land specialist was one of the worst hit amid a drop for housebuilders across the board. Harworth ended trading at 150.5p.

Other notable losses came from MJ Gleeson, down 4.4%; Persimmon, down 1.8%; and Vistry, down 1.6%.

Property REITs fared badly, too. FTSE 100 British Land fell 2.1% to 515.8p and Land Securities dropped 1.8%, finishing at 710.8p.

However, overall the FTSE 100 was stable, rising 0.1% to 7,132. The FTSE stayed at 23,453.

To send feedback, e-mail emma.rosser@eg.co.uk or tweet @EmmaARosser or @EGPropertyNews

Image © Oleg Gamulinskiy/Pixabay

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