FTSE up despite unsettled property sector

Shares in UK housebuilders took a fresh hit today after traders reported the sale of seven million shares in leading firm Barratt Developments.

FTSE up despite unsettled property sector
Tue, 27 May, 2008 - 12:31

Shares in UK housebuilders took a fresh hit today after traders reported the sale of seven million shares in leading firm Barratt Developments.

Barratt shares fell 9% – or 19.25p to 200.75p – after the shares were reportedly placed by Citigroup on behalf of a vendor at 208p a share, equivalent to £14.5 million.

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