Shares in Barclays, RBS and building firms suspended as Brexit sends prices plunging

Monday, June 27, 2016
By Paul Martin

BY GRAHAM HISCOTT
Mirror.co.uk
27 JUN 2016

Taylor Wimpey, Barratt and Berkeley Group were put on hold, along with budget airline easyJet and Legal & General, after the sharp fall triggered an automatic break in trading.

Trading in several of Britain’s biggest firms was suspended amid fresh stock market turmoil.

Barclays and Royal Bank of Scotland were among those whose stock was frozen after a sudden drop.

Automatic circuit breakers kick in when a company’s share price falls – or rises – by more than 8%.

All trading in its shares are suspended for five minutes to try to take the heat out of the situation.

Shares in some of the UK’s biggest builders – Taylor Wimpey, Barratt and Berkeley Group – were also put on hold, along with budget airline easyJet and Legal & General.

However, the tactic failed to stop a further slide in their share prices.

Barclays remained down nearly 13%, and RBS by more than 15%.

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