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UK Market Update Archive: 
UK Home Prices Fall, Weak Confidence
Apr 30, 2:13 PM EDT
BG Group led decliners in the FTSE 100 index shares with a drop of 6% followed by losses in Vedanta Resources of 4.5%.
UK consumer confidence falls to the lowest level in the last sixteen years on worries related to general economic conditions and weak housing market. Nationwide Building Society reported today that U.K house prices declined 1% to £178,555 in April from a year earlier as the credit crunch affect new home purchases. The mortgage lender also forecasts prices may decline as much as 5% this year. Home Retail Group led advancers in the FTSE 100 index shares with a rise of 8.75%.
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