Too much “Pesto” leaves housebuilders

28 October 2011 | By Alastair Stewart

Housebuilders may have invented a new instrument to gauge the health of the housing market: the “Pesto-meter”. Greg Fitzgerald, chief executive of Galliford Try, recently told analysts and investors that while the BBC’s lugubrious business editor Robert Peston’s appearances remain limited to once a week, his board feels OK. “Four times a week and we’re all doomed”.

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