British homebuilders' stocks drop on rising UK inflation

Bellway

20/08/2025 08:56

** British homebuilders index .FTMNX402020 falls 1.2% after consumer price inflation hits highest level in 18 months

** UK consumer price inflation increased to 3.8% in July from 3.6% in June

** Bank of England has suggested it might slow the pace of interest rate cuts due to inflation persistence

** FTSE 100 homebuilders Taylor Wimpey TW.L down 1.1%, Barratt Redrow BTRW.L down 1.5% and Berkeley BKGH.L down 1.7%; stocks among top losers on index

** Affordable homebuilder Crest Nicholson CRST.L down 2.2%, among top losers on FTSE mid-cap index .FTMC;  peer Vistry VTYV.L down 1.1%

     ** Persimmon PSN.L down 0.5% and Bellway BWY.L down 0.8%

 (Reporting by Raechel Thankam Job)

 ((RaechelThankam.Job@thomsonreuters.com))