RE: Trading update4 Apr 2022 12:57
and the reason is,
(Sharecast News) - Shares of London-listed housebuilders rallied on Monday following a report the government is dropping its demand for them to contribute towards a £4bn cladding remediation fund.
The news sent housebuilding shares surging. At 1110 BST, Persimmon was up 4.8% and Barratt Developments was 4.5% higher, while Berkeley and Taylor Wimpey were both 3.8% firmer.
Bellway, Redrow and Crest Nicholson rose 4.5%, 3.9% and 3.3%, respectively.