Mccarthy Warning Puts New Pressure On Builders
Evening Standard - London › December 17, 2004
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Summary
A WARNING by retirement homes builder McCarthy Stone that reservations have been slack in the past six weeks put property shares under further pressure today.
After cautious comments from builder Wilson Bowden yesterday, and with a further update expected from Persimmon next week, the recent advance in the sector looked in danger of running out of steam.See the full content of this document
Extract
Mccarthy Warning Puts New Pressure On Builders
McCarthy Stone, which said long chains were now developing, reflecting decreased liquidity in the market, lost 21p to 578p.
Persimmon shed 211/2p to 6781...See the full content of this document
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