FTSE under pressure from housebuilding stocks

UK housebuilders and banking stocks were under pressure today after the Halifax said house prices fell by 2.5% last month.

FTSE under pressure from housebuilding stocks
Tue, 08 Apr, 2008 - 12:35

UK housebuilders and banking stocks were under pressure today after the Halifax said house prices fell by 2.5% last month.

The declines for the likes of Persimmon and Barclays caused the FTSE 100 Index to decline 52 points to 5962.8 by mid-morning, ending a recent rally that has added 300 points to the top flight index in a week.

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