Moray-based housebuilder Springfield Properties was among the heavier fallers in the City on a torrid day for financial markets.
The FTSE 100 fell 196.43 points, or more than 3% to 6,123.69, while the French Cac 40 and German Dax were down 2.92% and 3.43% respectively as the world’s largest economy battles to contain a surge in Covid-19.
Latest developments in the US drove a near-3% drop on the Dow Jones on Wall Street.
Brent crude oil also took a blow – down more than 5.5% at $40.21 per barrel, as of 6.15pm.
Shares in Aim-listed Springfield, which is run from offices in Elgin and Larbert, near Stirling, fell nearly 8% to 88.5p after it unveiled senior management changes.
They include Martin Egan taking on the role of chief operating officer for housebuilding in the central belt.
Mr Egan is managing director of Dawn Homes, which Springfield acquired in 2018.
Alasdair Mackie has been promoted to group engineering director, while new director hires include Ken Millar (health and safety), Karen Campbell (corporate communications) and Richard Bennett (managing director at group subsidiary Glassgreen).
