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FTSE 100 bolstered by Persimmon update | FTSE 100 bolstered by Persimmon update |
(about 4 hours later) | |
Housebuilder Persimmon boosted the London market after the company reported strong sales growth. | Housebuilder Persimmon boosted the London market after the company reported strong sales growth. |
The company said private sales in the second half of the year were up 15% from a year earlier. | The company said private sales in the second half of the year were up 15% from a year earlier. |
For the year as a whole, it completed the sale of 15,171 homes, a rise of 4%, while revenues climbed 8% to £3.14bn. | For the year as a whole, it completed the sale of 15,171 homes, a rise of 4%, while revenues climbed 8% to £3.14bn. |
Shares in Persimmon rose 7%, and its statement helped to lift shares across the sector. Barratt Developments added 2.8% while Taylor Wimpey rose 5%. | |
The FTSE 100 closed at yet another high - its sixth consecutive record - rising by 5.57 points to end at 7,195.31. | |
Rolls-Royce was the worst performing share in the FTSE 100. It fell 4.1% to 639.5p after JP Morgan reduced its price target for the stock. | |
On the currency markets, the pound was little changed against the dollar at $1.2422 and dropped 0.26% against the euro to €1.1717. | |