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Housebuilders to pay £100m to avoid legal decision

232d ago
Business
BBC Business
Business strategy
Leading UK housebuilders have reached an agreement to pay £100 million to avoid a potentially damaging legal ruling regarding the sharing of commercially sensitive information. The agreement stipulates that these companies will refrain from sharing such data, except under specific and limited circumstances. This move comes amid scrutiny of the industry's practices and aims to promote fair competition within the housing market. The settlement avoids a potentially lengthy and costly court battle and provides a framework for future data sharing practices within the sector.
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