FT.com reports that leading estate agents Humberts have suspended their shares pending a clarification of their financial position. Humberts are a highly reputable and long established firm of chartered surveyors and estate agents. The news comes on a day when it was reported that despite successive cuts in BOE interest base rates, mortgage companies continue to push up the interest rates charged to borrowers. Humberts specialised towards the upper end of the housing market. And it would appear that it is this part of the market that has seen the greatest fall in transaction activity.
A year ago Humberts' shares traded at over 80 pence (See chart).
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