Barratt Dips Despite Its Early Gains

The JournalMarch 27, 2007

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Summary


Uk equities began the week in lacklustre mood with the FTSE Index trading within a tight range for most of the day before closing the session 47.5 points lower at 6291.9.

The housebuilding sub-sector did provide some excitement, however, as Taylor Woodrow and George Wimpey announced they had come to an agreement on an all share merger that would value the combined company at pounds 5bn and propel it into the FTSE 100 Index.

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Barratt Dips Despite Its Early Gains

Elsewhere in the sector, Bellway and Barratt Developments were als...

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