City focus - City’s view of sector downbeat

Dec. 1, 2007
The City is losing enthusiasm for housebuilders after a rash of downbeat trading statements. The statements illustrate the effect that consecutive interest rate rises and the unstable world financial markets are having on buyer sentiment with Bovis and Redrow warning of falling completions. Redrow chairman Alan Bowker said: “Customers appear to be waiting to assess the prospects for the housing …

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