Shares at the listed housebuilders have dropped after FTSE 250 firm Bellway posted a 64.3% decline in pre-tax profit.
Bellway’s shares ended the day down 3.7% at 2,530p, after the company disclosed a 30.7% revenue fall to £2.2bn for the year ended July.
In the FTSE 100, fellow housebuilders Berkeley Group and Taylor Wimpey were among those recording the sharpest declines.
Berkeley Homes has been in the spotlight after residents of Notting Hill Genesis’s 1,000 flats at the Paragon Complex in west London, which it built in 2006, were told to evacuate yesterday over fire risk concerns. Its shares fell by 1.3% to 4,207p.
Taylor Wimpey was down 1.8% to 115.15p.
SEGRO was among the FTSE 100 winners of the day, closing up 2.6% at 937.8p.
The FTSE 100 nudged up 0.08% over the session, closing at 5,889, while the FTSE 250 was up 0.35% at 17,929.
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