24th Jun 2016 15:54
LONDON (Alliance News) - FTSE 100 housebuilders Taylor Wimpey PLC and Berkeley Group Holdings PLC said a non-executive director on each of the company's boards bought shares, as firms within the sector came under selling pressure following the Brexit decision.
Housebuilder stocks were among the worst hit on Friday after the UK voted to leave the European Union. The sector had been trading positively ahead of the vote, as opinion polls and bookmaker odds pointed to a victory for the Remain camp.
Taylor Wimpey said Non-Executive Director Margaret Ford bought 13,800 shares at a price of 145 pence per share Friday. The company also said Ford's husband David Bolger bought 13,720 shares at 146p each on Friday.
Following the purchases, Ford, together with her husband, has 112,460 shares.
Taylor Wimpey closed down 29% at 136.10p, the worst blue-chip performer Friday.
Berkeley Group said Non-Executive Director Glynn Barker bought 2,000 shares at GBP26.03 each. He now holds 12,042 shares.
Berkeley shares closed down 20% at 2,593.00p, also one of the worst performers in the FTSE 100 Friday.
The FTSE 350 Household Goods & Home Construction Index, which includes the largest London-listed housebuilders, closed down 10%.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
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