Darling Plan Sends Builders Soaring ; Construction

Summary

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HOUSEBUILDING shares soared today after the Government launched plans to resuscitate the market but analysts warned that any gains will be short-lived.

Taylor Wimpey and Persimmon shares jumped more than 9%, while Barratt Developments was up nearly 7%, Bellway more than 6%, Redrow around 5% and Bovis Homes 4%.

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Extract

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Darling Plan Sends Builders Soaring ; Construction

It was a much-needed rally after 18 months of pain and came after Chancellor Alistair Darling announced...

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