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09.07.25 - 09:48
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Seven UK housebuilders to pay £100m to fund affordable homes after CMA investigation (The Guardian)
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Watchdog found evidence of information sharing linked to prices but firms have not admitted any wrongdoingSeven housebuilders have agreed to pay £100m to affordable housing schemes after the UK competition watchdog found evidence that they may be sharing commercially sensitive details that affect the price of homes.The developers – Barratt Redrow, Bellway, Berkeley Group, Bloor Homes, Persimmon, Taylor Wimpey and Vistry – have not admitted any wrongdoing but have agreed to make the combined payment, which will be split between affordable housing programmes across the four UK nations. Continue reading......
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26.03.25 - 11:18
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Housebuilder Vistry pins hopes on £2bn affordable homes injection as profits fall (The Guardian)
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Company suspends dividend payouts after shares dip by as much as 8% with profits down by more than a thirdBusiness live – latest updatesProfits at the UK housebuilder Vistry Group have slumped by more than a third in what it described as a “disappointing year” but it is pinning hopes of a turnaround on the government's promise this week to inject £2bn into affordable homes.After three profit warnings last year, Vistry suspended dividend payouts to shareholders on Wednesday and its shares were the biggest faller on the FTSE 250 index, dropping by as much as 8% before easing back to 5.5% down. Continue reading......
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