The UK’s biggest-ever housing merger has been agreed between the UK’s third-and fourth-biggest housebuilders, creating a company big enough to join the FTSE100 index.

Meanwhile Persimmon, Britain’s biggest housebuilder, was said to be mulling a ‘spoiler’ bid for Taylor Woodrow.

Persimmon is already considering buying Bovis Homes and Redrow.

Daily Telegraph, Financial Times, The Times