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Investing.com -- Shares in British housebuilders surged on Monday after the government said it would launch a state-backed equity loan scheme to help first-time buyers into new-build homes with deposits of just 2.5%.
The U.K. homebuilder tumbled after a wider-than-expected first-half loss, rising debt and weaker cash guidance exposed the scale of the turnaround facing its new chief executive.
The European stock markets closed lower in Thursday trading as bond yields and oil prices surged whi
The builder reported pre-tax losses of £661.3 million for the six months to June 30, against profits of £40.9 million a year earlier.
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