McCarthy & Stone shares tumble as chief executive quits

By Frances Ivens2018-06-20T08:06:00

Shares in McCarthy & Stone fell 16.7% to 108.60p on Tuesday following the news chief executive Clive Fenton is leaving the company after it released a profit warning following a “noticeable decline” in reservations.

Overall, the FTSE 100 fell 0.35% on Tuesday to 7,604.12 points while the FTSE 250 closed the day down 0.72% to 20,848.57 points.

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