View
Page
Housing shares were the worst performers after Jefferies said it no longer recommends investors buy U.K. residential-linked shares under its coverage. Home builder Taylor Wimpey TW., -5.65% fell 4.3%, Barratt Developments PLC BDEV, -4.33% lost 4% and Persimmon PLC PSN, -4.09% moved 3.3% lower. “Negative†newsflow on mortgage approvals, housing transactions, weak house-price data and lower U.K. economic growth will put pressure on the sector during the first quarter, said Jefferies analysts Anthony Codling and Sam Cullen in a note Friday. Share-price weakness will persist in the second quarter, stemming from uncertainty around the U.K. general election set for May, they said.
Latest from the Community...
Latest from the Community...
Latest from the Community...
