UK House Builders Slip as Falling Prices, Climbing Rates Hit Sector0911 GMT - The big move higher in U.K. interest rates continues to have a dampening effect on the housing market, with a fourth straight month of annual house price declines AJ Bell says, citing Halifax data. "House builder Taylor Wimpey was among the top fallers on the FTSE 100 this morning. The sector faces a very different environment today after years of strong property prices, cheap mortgages and state support for first-time buyers," Mould says. ---Pan African Resources Meets Gold Production GuidancePan African Resources met its revised gold production guidance for fiscal 2023 and expects increased production at its Barberton underground mines as continuous operations and other improvements have helped production, it said Monday. (elena.vardon@wsj.com)---UK House Prices Slip in July But Market Surprisingly Stable0840 GMT - The annual average U.K. house price decline continues in July as the high cost of living and numerous rate rises hit how much buyers are willing and able to pay for their next home, OnTheMarket.com says, citing new Halifax data.

Source: Wall Street Journal August 07, 2023 15:36 UTC