Financial Times FT.com

Humberts forced to suspend shares

By Daniel Thomas, Property Correspondent

Published: May 16 2008 15:56 | Last updated: May 16 2008 20:45

The downturn in the housing market is close to claiming another victim after Humberts, one of the oldest estate agent companies in the UK, was forced to suspend its shares on Friday pending clarification of its “financial condition”.

The news emerged as HBOS, a founding partner of Rightmove, offloaded its stake in the online home sales portal, and comes amid signs of further housing market weakness.

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