Bitcoin price today: surges to $122k, near record high on US regulatory cheer
Investing.com -- Seven U.K. housebuilders have agreed to pay £100 million ($135.9 million) toward affordable-housing programs following an antitrust investigation into information sharing practices, the Competition and Markets Authority (CMA) announced Wednesday.
The companies involved - Persimmon (LON:PSN), Berkeley (LON:BKGH), Taylor Wimpey (LON:TW), Bellway (LON:BWY), Barratt Redrow (LON:RDW), and Vistry - offered commitments to address the CMA’s concerns.
On Wednesday, Shares of Persimmon slipped 0.2%, Taylor Wimpey dropped 0.8%, Bellway lost 1.3%, Barratt and Redrow each dipped 0.2%, and Vistry edged down 0.4%, while Berkeley bucked the trend, rising 0.5%.
The regulator will consult on these commitments until July 24.
The regulator launched an investigation last year examining whether housing developers had exchanged competitively sensitive details about sales, including pricing information, property viewings, and buyer incentives.
In addition to the financial contribution, the housebuilders agreed to stop sharing certain types of information with competitors, including house sale prices except under limited circumstances.