Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Market fears lead to heavy losses for built environment sector

  • Comment

Architecture, construction and real estate firms saw dramatic losses yesterday amid market chaos and fears of a second recession sparked by fears over US and Eurozone economies.

Share prices continued to fall today with firms including Atkins, Hammerson, British Land and Balfour Beatty among those taking a continued battering at the hands of investors.

Engineering and architecture firm Atkins’ share price fell 1.85% yesterday, closing at 638 from an opening price of 656.5. Prices hit a low of 635.5, the worst performance since 26 May 2010 when prices fell to 630.5.

The majority of construction and real estate firms also suffered losses as a result of yesterday’s turmoil. Shares in real estate investment trust Hammerson fell nearly 7% from 463.9 to 432.9.

Property investor British Land’s share price fell more than 5% from 595.5 to 563, while construction company Balfour Beatty also suffered 5% losses, opening at 282.7 and closing at 268.5.

Architecture firm Aukett Fitzroy Robinson remained stable at a price of 2.25. However, the company’s performance has been slipping since February this year after hitting a high of 3.62.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.