| 14.10.2008 - Hedge fund ditches UK housebuilders |
| From Building.co.uk: Toscafund sells stake in Taylor Wimpey and could be mystery seller behind large transaction in Redrow shares. Hedge fund Toscafund appears to have bailed out of its two UK housebuilding investments. According to a statement to the London stock exchange, it has sold its 10% stake in Taylor Wimpey. Meanwhile Steve Morgan, founder of Redrow, has upped his stake in the housebuilder from 5.25% to 16.24%, sparking takeover speculation..... Full Article: Source |