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.”
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.