Uncertainty over the length of an investigation could hang over the sector
Thursday 10 Sep 2020 Author: Tom Sieber
News that four major housebuilders are in the sights of the Competition and Markets Authority (CMA) over the way leasehold properties were sold has uncomfortable echoes of the PPI scandal which hit the banks after the financial crisis. Shares in the quartet, Barratt Developments ( BDEV ) , Countryside Properties ( CSP ) , Persimmon ( PSN ) and Taylor Wimpey ( TW. ) , have fallen between 4%...