Housebuilders share prices rise on expectation of rate cut

Dec. 6, 2007
Shares in the largest FTSE-listed volume housebuilders crept up yesterday, as the City's expectation of a rate rise increased, as has been borne out in today's decison by the Bank of England to cut the base rate by a quarter point to 5.5%. Taylor Wimpey shares rose by 8.4% to 203.24p and and Barratt shares by 6% to 467.75p. Persimmon's …

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