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Housebuilders' shares slump as Brexit bites

2471 HT for Crest Nicholson Brighton C 150807 DT
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The share price of the UK’s biggest housebuilders fell sharply this morning in the wake of last week’s vote to leave the European Union 

Barratt Developments saw almost 20 per cent wiped off the price of its shares as the stock market opened this morning (27 June). Crest Nicholson (whose King Alfred development at Hove is pictured) and Taylor Wimpey were also hit hard in the early part of the day, with trading in Taylor Wimpey temporarily suspended by the London Stock Exchange when they fell by more than eight per cent on their opening price.

The housebuilders were among the biggest losers across the markets today, although the values began to stabilise as the day went on.

% drop in share price (as at 1pm)
Crest Nicholson Holdings (-16.98%)
Barratt Developments Plc (-19.08%)
Berkeley Group Holdings (-13.92%)
Bellway plc (-17.38%)
Bovis Homes Group plc (-12.96%)
Persimmon plc (-15.72%)
Redrow plc (-17.13%)
Taylor Wimpey plc (-15.72%)

Design and engineering giant WS Atkins suffered another bad start, falling 6.14 per cent by lunch following on from a similar fall on Friday (23 June). Aukett Swanke has had a better day, up on the lows at the end of last week.

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