Taylor Woodrow was the clear winner in the City last week. The firm’s share price rose 16% to 489.5p in the week it announced its proposed merger with George Wimpey, and continued to rise throughout the week as rumours abounded of a Persimmon intervention to thwart the proposed deal.
As the results season drew to a close, the construction sector experienced a drop following the previous week’s highs. Galliford Try fell 4.5% to 171p, and Morgan Sindall dropped 3.8% to £12.53. The only significant riser was Henry Boot, up 5.9% to £11.75.