Brexit nerves hit shares in housebuilders

By Hamish Champ2018-11-15T12:14:00

Stocks slump amid fears over the future of Theresa May’s Brexit deal

Shares in UK housebuilders slumped today as MPs and the business community digested the implications of the government’s proposed EU withdrawal agreement – all 585 pages of it.

In what is likely to be a moveable feast on a day of high political drama in the House of Commons as prime minister Theresa May attempts to sell the agreement to MPs, shares in the likes of Bovis and Persimmon fell sharply.

Bovis, which highlighted Brexit concerns in a trading update published earlier today, saw its stock slip by 7%, as did Persimmon, which recently announced the imminent departure of its chief executive Jeff Fairburn, following the adverse publicity over his pay package.

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