FTSE 100 dips after tech-led plunge on Wall Street, housebuilders slide

  • Reuters
  • Stock Market News
FTSE 100 dips after tech-led plunge on Wall Street, housebuilders slide
Credit: © Reuters.

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* FTSE 100 down 0.4%, FTSE 250 off 0.1%

Sept 4 (Reuters) - The FTSE 100 fell on Friday and was set for its third straight weekly loss following a tech-fuelled plunge on Wall Street, while Barratt and Persimmon (LON: PSN ) tumbled as the UK's competition regulator began an enforcement action on certain housebuilders.

The Competition and Markets Authority (CMA) said it was opening enforcement cases to focus on certain practices of Barratt Developments BDEV.L , Persimmon Homes, Taylor Wimpey TW.L and Countryside Properties CSPC.L , saying they might have broken a consumer protection law in relation to leasehold homes. of all four housebuilders fell between 1% and 3.5% in early trading, with the wider housebuilding index .FTNMX3720 shedding 1.2% to its lowest in more than two months.

The blue-chip FTSE 100 .FTSE lost 0.4%, while the mid-cap index FTSE 250 .FTMC dipped 0.1%.

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