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U.K. Home-Builder Stocks May Be a Buying Opportunity as the Pound Tanks

Por: MarketWatch Business October 06, 2022

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Nevertheless, some of the — (ticker: PSN.UK), (BDEV.UK), and (TW.UK)—have been among the FTSE 100’s worst performers in 2022, all down about 50%. Tack on the against the dollar this year, and the declines look even worse. Yet all three companies are profitable and are returning money to shareholders, boasting dividend yields of around 10% or more. The reason for the rough ride comes down to rising interest rates. The Bank of England... + full article



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