BUSINESS CLOSE: Persimmon and three other housebuilders face probe

In company news today, four major housebuilders, namely Barratt Developments, Countryside Properties, Persimmon Homes and Taylor Wimpey face action from the Competition and Markets Authority.

Buyers have argued that they were caught in a leasehold trap, with rising ground rents and unfair fees.

Elsewhere, embattled coffee chain Pret a Manger has launched a new subscription service to help boost sales. It will offer customers up to five coffees a day if they sign up to a monthly subscription service.

The FTSE 100 index closed down 0.88 per cent or 51.78 points to 5,799.08, while the US markets are also down again today. 

 

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