A watchdog has ordered a developer to amend its accounts after it overstated its assets by £94m.
Shares in Galliford Try fell sharply on the back of the news while the withdrawal of a promised shareholder payout by fellow developer Berkeley Group also caused its market value to plummet.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login