UK homebuilders tumble after potential lawsuit alleging anti-competitive conduct

Berkeley groupHoldings

30/06/2026 10:44

** British homebuilders sub-index .FTNMX402020 falls as much as 3.5% after potential anti-competitive conduct lawsuit
** UK housebuilders are facing a potential multi-billion-pound class action lawsuit over conduct which involved alleged sharing of sensitive information 
** Court documents state housebuilders shared sensitive information on prices, buyer incentives and sales activity
** Claim names Barratt Redrow BTRW.L, Taylor Wimpey TW.L, Bellway BWY.L, Berkeley Group BKGH.L, Persimmon PSN.L and Vistry Group VTYV.L among others
** Compensation sought in claim is estimated to be between £2.2 bln to £4.5 bln ($2.91 bln to $5.95 bln)
** Persimmon, Barratt among top losers on FTSE 100 index .FTSE, down 3.1% and 2.7%, respectively
** Shares of Berkeley down 2.43%, Bellway down 2.42%, Vistry Group down 2.27% and Taylor Wimpey down 2.08%
** YTD, sub-index has fallen 26.93%

($1 = 0.7559 pounds)

 (Reporting by Anushka Chourasia in Bengaluru)
 ((Anushka.Chourasia@thomsonreuters.com))