Civitas Social Housing shares fall on report

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Civitas Social Housing’s share price fell 3.14% on Thursday to 92.4p following a government report that warned of a concentration of risk within the social housing registered provider sector.

In addition, the report, commissioned following the “near collapse” of First Priority Housing Association last year, said there is a “poor risk management and contingency planning undertaken by some of the RPs, and some inappropriate governance practices that have led to poor decision making.”

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