Economic conditions bring FTSE down

Pressure on housebuilding shares intensified today after sector-wide downgrades from investment bank Goldman Sachs.

Economic conditions bring FTSE down
Tue, 10 Jun, 2008 - 12:33

Pressure on housebuilding shares intensified today after sector-wide downgrades from investment bank Goldman Sachs.

The Royal Institution of Chartered Surveyors (RICS) added to the pain by revealing members sold an average of 17.4 homes in the past three months, the lowest since records began in 1978.

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