Barratt shares lose 25% of value in a day

June 11, 2008
Housebuilders’ share prices plunged yesterday as rumours of a rights issue by Barratt sent its share price down by 25%, closing at a new low of 91.5p – less than 10% of their value at their peak in February 2007. Other volume housebuilders faced falls on the back of the news: Persimmon shares lost 9.6% of their value and Taylor …

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