UK homebuilder and FTSE 250-listed firm formed by the 2007 Taylor Woodrow–George Wimpey merger
Britain’s biggest housebuilders are facing a multibillion-pound class-action lawsuit after accusations they colluded on pricing, harming more than 700,000 buyers of new-build homes between 2015 and 2026. The claim seeks up to £4.5bn in compensation, with per-home payments estimated at £3,100-£6,200. The Competition Appeal Tribunal must approve the case before it proceeds.
Oil prices remain near multi-week highs as tensions surrounding the Strait of Hormuz escalate. The US has reimposed a naval blockade on Iran, Iran warns it will respond, and analysts expect intermittent supply disruptions to keep prices elevated in coming quarters.
UK house prices have shown only marginal growth in July, with a 0.1% month-on-month rise and a 0.1% year-on-year increase. Affordability remains a challenge as mortgage rates edge higher amid geopolitical tensions. Northern Ireland leads gains, while the south and London lag.